Bank Gives $230K Unsecured Loan to Super PAC

Bank Gives $230K Unsecured Loan to Super PAC

The Mississippi Conservatives, a Republican-oriented Super PAC supporting Sen. Thad Cochran, R-Miss., in the June 3rd Republican primary,reported it had receipts of $717,993 during the first quarter of 2014, including a $230,150 loan from Trustmark Bank in Jackson, Mississippi. Trustmark (NASDAQ:TRMK) is a publicly traded corporation.

Harry Walker, a regional President of the bank signed the agreement on January 29, 2014. The loan is due on June 3, 2014, and the interest rate (APR) is 2.86%. The forms indicate there are no other parties secondarily liable for the debt incurred, and there is no pledged collateral for the loan.

Roll Call
5/13/14