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Jury charges bank to pay $7.5 million

Sara McManamy-Johnson sjohnson@lebanondemocrat.com • Updated Jul 26, 2013 at 10:01 PM

A Rutherford County jury awarded $3.6 million in punitive damages Thursday in a case that involved Wilson Bank & Trust. The decision added to compensatory damages awarded Wednesday, bringing the total to $7.5 million.

Murfreesboro builder and developer Ken Howell filed suit against the bank, contending forgery and fraud by former Murfreesboro branch president Stan Hayes – who is no longer with the company. The suit contended Hayes caused Howell's business to fail.

None of the allegations against Hayes, though, include theft from bank customers.

See also Ex-executive’s alleged actions result in $4 million verdict

Wilson Bank & Trust CEO Randall Clemons' press release

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