ST. CLAIRSVILLE — Belmont Savings Bank is asking a Belmont County Common Pleas Court judge to appoint a neutral party to oversee the remaining assets of East Ohio Regional Hospital.
The bank filed the complaint, officials said, to resolve unpaid loans from the bank to the hospital as well as to protect other creditors.
In a filing dated Aug. 5, the bank asks Judge Chris Berhalter to appoint a court-approved receiver in the case. A receiver is a neutral third party appointed by a court to take control of a business, property or assets to manage, preserve or distribute them in accordance with legal proceedings.
According to a release from Belmont Savings Bank, the filing follows nearly a year of unsuccessful efforts by the bank to resolve outstanding issues without litigation.
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