A Virginia bank has announced that it will delay the auction of land at West Virginia Governor Jim Justice's resort in an effort to recover over $300 million in defaulted business loans by the governor's family. Carter Bank & Trust of Martinsville, Virginia, made this decision and rescheduled the auction originally set for March 5 to a later date. The bank also requested a postponement of a hearing requested by the Greenbrier Sporting Club in White Sulphur Springs for a preliminary injunction against the bank.
Carter Bank had published a legal notice in the Charleston Gazette-Mail on Feb. 6 regarding the auction involving land at the Greenbrier Sporting Club. The bank is seeking to collect $302 million in principal debt, along with interest and fees, from companies owned by the governor's family. The bank acknowledged the interest of homeowners within the Greenbrier Sporting Club development in the matter and mentioned the possibility of them taking action.
