County Board Learns Another Country Bank Loan Impacting Tax Rolls

mercer county boardThe Mercer County Board learns that another troubled loan of the failed Country Bank is impacting county tax rolls. Over 200 parcels tied to the the original Fyre Lake golf course development have not had property taxes paid on them in three years, but Bev Lower with the Mercer County Treasurer’s office says the FDIC is cleaning up the matter in bankruptcy court. She says the property taxes should be paid before year’s end.
fyre lake properties
Country Bank was shut down in October of 2011 and one of the contributing factors was over $66-million in bad loans.