US EditionReport: Local bank focus of lawsuit from vending company investors
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Report: Local bank focus of lawsuit from vending company investors
SEATTLE — Investors in WaterStation Technology, an Everett-based water vending machine company, have filed a lawsuit against Port Angeles-based First Fed Bank, accusing it of issuing over $7.3 million in high-risk loans without disclosing its business relationship with the company, The Seattle Times reported. The lawsuit, filed in King County Superior Court, claims First Fed had already loaned $28 million to WaterStation before extending additio…
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