Ohio furniture maker says bank forced shutdown
Associated Press
Norwalk Furniture spokesman Joe Mosbrook says the company got the call from Comerica bank on Friday.
The bank told the company it was cutting off its credit and that it had to pay its loan immediately.
Norwalk Furniture managers decided the only option was to suspend operations at its plants in
The company says Comerica is now deciding whether to find a new buyer for the company or force it to shut permanently and sell off its assets.
| |
|
Filed by Associated Press July 24th, 2008 in Top Stories. Popularity: 8% |
 Email this story
 Print this story
Read comments and discuss this story
Report an innappropriate comment
|
In order to comment, you must agree to our user agreement
and discussion guidelines.
You must be registered and logged in to post a comment. If you aren't already registered, click here. If you are registered, click here to log in.
Write a Comment