LCUB May Buy First National Bank Building
Monday at special called meeting of the LCUB power board, board members
heard a proposal from LCUB manager, Freddie Nelson, suggesting that LCUB
buy the down town First National Bank building. Nelson told the board,
meeting at the bank, that he had had preliminary discussions with FNB
board members about the possibility of LCUB buying the building. While
no specific price was stated for the building, Nelson did state that the
building had been appraised at 3.5 mil. Mayor Matt Brookshire stated
that he had been contacted a couple of months ago by FNB president,
David Allen, about the possibility of LCUB buying the bank building.
The board may vote at their next meeting to allow Nelson to begin negations on the purchase of the bank.