Wed May 20, 2009
Browning Chevrolet fiasco continues
By Casey Northcutt
Madisonville, KY – Conflict still lingers between a former Madisonville car dealership and Fifth Third Bank. Commonwealth Attorney David Massamore says he was called in to facilitate communication between the two after Browning Chevrolet defaulted on a loan and the bank seized its assets. When Browning closed, it left several customers with incomplete titles. Massamore says the city clerk now has nearly $76,000 to complete the title transfers, but much of the paperwork is incomplete. Now, those who traded-in vehicles to the dealership are being notified the dealer did not pay off any remaining liens on the vehicles. Massamore doesn't know how much money will be needed to pay off the notes but says he will meet with Fifth Third Bank Friday to attempt to free up some more of Browning's frozen accounts.