MBank organization

“was formed in October 1984 when the merger of Mercantile Bank in Dallas and Bank of Southwest in Houston merged. That was done with Fulbright and Jaworski's law firm. And First City National Bank was involved and connected to Vinson and Elk…”

“The $40,000 borrowed to fix it up, a loan from Westside National Bank, where Corson and his mother owned the largest block of stock, was never paid back. When Corson bought Clayburgh County Savings and Loan in 86, he borrowed $6 million fro…”

“And according to Herman Beebe's former partner, Dale Anderson, Beebe actually used mBank more often than Allied Bank to finance all of his deals. So it's kind of a mafia bank. Maybe that's what the M stands for. mBank Houston was a wholly o…”

“Dunn previous land deals, M Bank Houston. On March 7th, 86, the day Houston bought the Cleggburg County savings, he signed a $3.7 million promissory note to M Bank. One week later, he signed another one for $2.3 million. Collateral for the …”

“Federal investigators said that Michener and Allied Bank took a large participation in that new loan. MBank was not only used by Corson to finance some of his land deals, it was also the bank for General Holmes, which signed a $316 million …”