Judge Yarbrough’s service on board may reveal further indiscretions

http://www.examiner.com/republican-in-houston/judge-yarbrough-s-service-on-board-may-reveal-further-indiscretions#comment-12389766 ^

[Todd Kinsey]

Last week I reported that Judge Yarbrough’s service on the board of American National Insurance Company appears to violate state law and the county’s ethics policy. However, the real story is not a piddly $366.00 annual lease, but is actually the county’s relationship with Moody National Bank.

After submitting a formal information request, County Treasurer Kevin Walsh stated that the county has approximately sixty accounts with Moody National Bank worth $100 million.

[anymouse]

Galveston County ping.

[PAR35]

the county has approximately sixty accounts with Moody National Bank worth $100 million.

If I'm reading the numbers correctly, that's over 10% of the bank's deposits. That's a lot of eggs in one basket - on both sides.