Last status update Jan 2020
Mornington [16, 67]
Founded in 1978 by entrepreneur Michael Leay, the bank fell out of favor with St. Osyth's Church, the bank's northern neighbor, due to its unethical lending practices. In the late 1980's Leay sold his shares in the bank to pursue lucrative silicon industry start-ups, leaving the bank in the hands of its former chief operating officer Connor Grove.
The bank began to institute an innovative concept of high-risk/high-reward loaning with the threat of default being counteracted with a high interest rate. The ministry at St. Osyth's objected on moral grounds, leading weekly protests on the bank's sidewalk. To intensify the situation, the community lender AcMas created a regional hub with Pring Bank. Faced with plunging revenues, Groove hedged the bank's capital on high risk assets, hoping they would pay off in jackpot like amounts. Instead the bubble burst, turning Leay Bank's assets toxic. Shortly before the outbreak the bank declared bankruptcy and was closed down.
An exclusive brothel masquerading as a gentleman's club was planned for development in the abandoned lot, but the quarantine on Malton has halted construction for the moment.
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