Robert Clay, who operates Three Chimneys Farm near Midway, Ky., has resigned as a director of PNC Financial and it subsidiary PNC Bank after serving more than 22 years.
The lingering economic recession has forced banks to become very conservative lenders. In this climate, Thoroughbred horsemen nationwide are struggling with credit lines drying up and loans being called in. Read Feature
When Jim Cullen was recently banned from all North American auctions through 2010 as a result of action taken by Keeneland and Fasig-Tipton under the Sales Integrity Program, it marked the latest in a series of business and legal setbacks for the 42-year-old Lexington bloodstock agent.
The Thoroughbred Owners and Breeders Association announced Feb. 14 that National City Bank has become an official marketing partner of its organization and will now have the opportunity to provide equine financial expertise to both existing and new TOBA members.
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