The Newport Plain Talk
Local Sports Search Sports Archive The Running Journal SEC Sports
Obituaries Obituaries Archive
Subscribe Today! Learn More About:
Search: Recent News Archives or try Advanced Search
Mostly Cloudy Mostly Cloudy
52 °
Click For Extended Forecast

More Jobs
In Newport, TN

choose text size bigger text smaller text

County attorney: Bank should release letter of credit money ‘now’

Published: 9:38 AM, 02/28/2014 Last updated: 9:39 AM, 02/28/2014

Author: Nelson Morais
Source: The Newport Plain Talk

NEWPORT—Cocke County Attorney Carter Moore said he sought counsel for what to do with about an expired letter of credit being held by Newport Federal Bank, and the counsel allegedly agreed with him that the bank is obligated to release the money to the county, and not to the state, as soon as possible.

Attorney Moore spoke during the Tuesday, Feb. 25 meeting of the Cocke County Regional Planning Commission.

“I sought advice from (planning consultant) Ross Phillips and CTAS, and their responses were unanimous. They feel the letter of credit called on Newport Federal Bank is due and owed to us now,” Moore stated.

Print This Story Print This Story Email This Story Email This Story To A Friend

Subscribe to The Newport Plain Talk by clicking SUBSCRIBE. Sign up for Breaking News emails from The Newport Plain Talk by clicking EMAIL ALERTS and inputting your email address next to "Add Me" near the top right corner.

Find more businesses on

Attorneys · Automotive · Health Care · Restaurants Retail · Services · Home & Garden · Recreation


Enter your email address to sign up.
Email Address:
Receive special offers from The Newport Plain Talk.



View All Galleries