by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Oct 31 – Webster Bank is being sued for unscrupulous loans, in the U.S. District Court for the Southern District of New York which Inner City Press closely covers.
The lawsuit, by the former Easthampton Savings Bank now known as BankESB, was assigned out to SDNY District Judge John G. Koeltl on October 31, 2024. It states that Webster’s predecessor pitched a participation to it in 2020 in a leasehold office property in New Jersey clled American Metro Center or AMC.
It says, "Webster has consistently mismanaged the Webster loan." BankESB asks for recission and $500,000.
The case is BankESB v. Webster Bank, N.A., 1:24-cv-8268 (Koeltl)
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