Dave Hughes of the Arkansas Democrat-Gazette reports that the First Western Bank of Booneville bought three properties of Sen. Jake Files, including his Fort Smith home, on Free Ferry Landing, at foreclosure sales today to satisfy unpaid loans of $2.1 million. The bank bid $2.048 million, Hughes reported.
Files potentially
The Booneville bank won priority on the properties against a long list of people seeking money from Files, including other banks, the Arkansas Development Finance Authority and firms that had done business with Files’ construction company. Files also