Cannon's financial disclosure statements show that he gave a loan of between $50,000 to $100,000 to Gary Ruse, an executive and later president of First National Bank of Nebraska, in September 1996. The following year, the bank made a loan of $250,000 to the Premium Beef of Nebraska company, a kosher beef packing plant in which Cannon was a major investor. Ruse said in an interview he played no part in getting Cannon the loan. It was a decision, he said, that was made by the bank's board of directors; he had recused himself.