Thanks for clarifying the situation, Kaybee.
The Eo at the purchasing bank absolutely had a role in the decision of purchasing our loan and I do believe it is a conflict of interest. The loan (I am guessing here) was a probably an accommdodation loan for the EO to stay under the Reg O limits at his bank). It is relatively small (under $20,000).
The loan is now booked, closed and the deal done, should I just make the Board aware this may be perceived by an examiner as a conflict of interest?
It's not that I take life for granted. It's only that the good won't make it. Innocence dies, while Villany Thrives.