from BBAN 10K
On February 28, 2003 BBAN received a 100 Million USD Insurance Guarantee
Bond from Enhancement Holdings, LLC which was to be held in Custodian
safekeeping by Republic Bank and Trust in Norman, Oklahoma for credit
enhancement purposes. Enhancement Holdings, LLC along with Stanley Holdings
Business Trust are engaged in the business of corporate financing, business
consulting, debt instrument financing, international trade and asset
enhancement. Paul Harris is the Chairman and CEO of Enhancement Holdings, LLC
and Ben Stanley is Chairman and CEO of the Stanley Holdings Business Trust.
Under the agreement Enhancement Holdings, LLC will receive 3 board seats on the
BBAN board and a ranking equity position upon liquidity.
On July 9, 2003 BBAN received a Timber Deed valued at $31 Million from
Stanley Holdings Business Trust currently held in safe keeping at Hancock Bank,
Gulfport Mississippi.