came in with financing, a business plan and a successful track record building a company from scratch, all to show he
could pull it off.
said it would have worked, keeping the Bridgeport bank afloat and opening up possibilities for expansion.
No bank stepped up to take over or invest in The Community's Bank
, leaving just the offer from Vaccaro
that would have given him control of the bank.
At stake was the future of the state's only minority-owned bank and its mission to finance not only minority borrowers but all those in urban areas.
said the bank never should have been lost.
had committed $5 million, plus pledged an additional $2.5 million.
And instead of lending that would have led to the creation of new jobs, he
said, taxpayers will be saddled with as much as $10 million to pay for the failure.
"We all could have won, but instead we all lost," Vaccaro
has consistently denied that he
touched anyone or used any racial slurs.
was granted accelerated rehabilitation by the courts, a special form of probation that would erase the record of the arrest if probation is successfully completed.
The probation period has been shortened once, and is now set to end in February.
Vaccaro, chief executive of TicketNetwork, a South Windsor ticket reselling company, said he has a strong record of minority hiring at his company.
"I've never had any issue with any member of the minority community," Vaccaro said.
"I can't see that being an issue with anyone at the bank."
met with local officials from the NAACP after the incident at Real Art Ways.
came away from that meeting with the clear impression that there were no ill feelings.
Hurst said the allegation against Vaccaro
paled in comparison to the alleged financial misdeeds of larger banks during the recent mortgage crisis.