Clear Lake man ordered to pay $2.3 million
Wednesday, 29 February 2012 11:52
Fraudulent grain receipts, false statements used to obtain bank loans
A Clear Lake man who made false statements to obtain loans from a bank has been ordered by U.S. District Court Judge Linda Reade to repay $2.3 million in restitution to three financial institutions.
Michael Dean Olk, 56, was convicted in September 2011 of using fraudulent grain receipts as collateral for two bank loans. Friday, Feb. 24, he was sentenced on one count of making a false statement to a federally-insured financial institution.
School Board settles on 2012-13 calendar
Wednesday, 29 February 2012 11:51
The school year will start a bit later for Clear Lake students in the fall.
After much discussion, the Clear Lake School Board voted Monday to set the start date for the 2012-13 school year as Monday, Aug. 20. The school year will conclude Friday, May 24. Any snow days incurred will be made up after the Memorial Day holiday.
Found wallet provides a glimpse of the past
Wednesday, 29 February 2012 11:50
It wasn’t exactly buried treasure, but an old zippered wallet found in the rafters of a Clear Lake home provided a glimpse into the past, as well as a local history lesson.
Bill VanHorn was working at the home of George and Marilyn Lagios last week when he came across a wallet. He turned
Corridor group launches campaign, announces Flagship Investor
Wednesday, 29 February 2012 11:49
Officials with the North Iowa Corridor Economic Development Corporation announced Tuesday that Clear Lake Bank & Trust Company will serve as Flagship Investor in the regional non-profit economic development organization’s 2012 investor campaign. The annual campaign, which seeks to generate private investment to complement funding
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