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Regions Bank, developer settle dispute over building loan (access required)

A foreclosure action in which the parties traded claims and counterclaims over alleged improprieties in the disbursement of a $2.4 million loan for a construction project in Clemson has concluded with a settlement. Regions Bank agreed to reduce the balance owed on the loan to about $1,136,000, down from the almost $2 million the bank originally claimed as due on the loan, lawyers for the defendants said.

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