State Approved Bank Charter Makes Stitt Family Richer
After Kevin Stitt won his election as governor, state regulators gave his mortgage company a state bank charter – a decision that turned his company into a state-chartered bank now worth billions. In August 2018, after announcing his run for governor, Stitt’s company, Gateway Mortgage Group, disclosed that it was working to acquire Farmers Exchange […]
Stitt Appointees Give His Company Taxpayer Funds
Governor Stitt’s company, Gateway First Bank, has received more than $750,000 in taxpayer subsidies and could receive up to $1.8 million. Even more concerning, under a new agreement approved by Stitt appointees, the company will receive even more taxpayer funding. Although Stitt stepped away from day-to-day decision making for the business when he became governor, […]