Some recent searching on the web turn up that Charles D. "C.D." Candler spent over $500,000 in a failed try to start a bank four years ago. It appears that his behind the scenes role was necessitated by his record that forbade him from involvement with a bank operation. Plans for the Greenville-based Southern Bankers bank included branches in Knoxville and in Loudoun County Va. by 2011. There's some interesting reading at
knoxsnews.com . Candler fronted all of the money for Southern Bankers and stayed just under the radar of the FDIC. Interestingly enough, his board of directors was to include many of his friends and acquaintances from Tennessee and South Carolina, as well as a cousin. Of the 11 principal shareholders, at least four of the six holders of the largest blocks — 10,000 shares or more — included Candler's cousin, and three friends or associates from Tennessee. One of which was Joyce Allen of the Blount County accounting firm, J Allen and Associates. That's where our retirement entered the snare. Maybe even more interesting is that former U.S. Senators Bob Dole and Trent Lott were recruited to be "Senior Advisors" to Southern Bankers. You can find some information on that detail
here and
here.
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