Fedorov prepared to pay the bank

From Katie Carrera of the Washington Post:

I talked Scott Norton, the lawyer for Citizens State Bank, this morning to see if there have been any developments in the bank’s July 14 lawsuit against Sergei Fedorov for defaulting on more than $2.1 million on two separate loans.

Norton said that after recent meetings with Fedorov’s attorney, he expects the loans – one for $1.75 million that was made in December 2004 and another for $500,000, which was in April 2005 — to be repaid in full in the coming days and that he isn’t anticipating any complications.

Read the entire entry from Capitals Insider here.

I’m still wondering why Sergei Fedorov had to take out a loan…