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Planters Bank Suing Chuck Jones Over Alleged Breach of Loan Agreement

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Planters Bank in Hopkinsville is suing Murray businessman Charles (Chuck) Jones for nearly $11.3 million for allegedly breaching loan agreements with the bank. Jones operates multiple businesses including Southeastern Book, College Book Renter and Integrated Computer Solutions. 

Planters filed the suit in Calloway County Circuit Court last week and lists Jones and several of his companies as defendants. Planters alleges the defendants failed to follow the terms of a 2010 loan agreement, and then failed to comply with demands for payment. The bank is requesting a receiver be appointed to two companies to take over business operations to facilitate loan repayments to Planters. A suit filed earlier this year against Jones by his business partner David Griffin was dismissed last Wednesday. Neither Planters nor Jones would comment outside of what's available in court documents.

Shelly Baskin works in MSU's Office of Regional Outreach and is a graduate student in Occupational Safety and Health. A roustabout from Memphis, Tennessee, Shelly first found his way into WKMS through the newsroom back in 2011 through luck, charm and force of will. Though he left news for another position, he still enjoys working on independent radio projects and volunteering for the station. He’s an avid disc golfer and occasional real golfer and is terrible at both. A lover of all things musical, Shelly is always ready to hear something new and unique.
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