Bank authorizes loan to city after competition arises

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By Kevin Koelling, Managing Editor

CANNELTON - Cannelton Clerk-Treasurer Arvina Bozarth went to Fifth Third Bank to secure a $19,000 loan to buy a dump truck, but was told she couldn't get one. So she checked with First State and Old National banks, and both said they could provide the money if the city moved its accounts to their vaults.

After she told Fifth Third's Kelly Malone the other banks were willing to front the city the money, she said, he told her the loan would be possible after all.


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