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Families want $2.85 million in Columbia loan disputes
In the midst of a public stock offering, Columbia Bancorp has a fight on its hands.
Two Rockville families are seeking $2.85 million in suits against the company's flagship Columbia Bank, questioning why a bank loan officer poured their home construction funds into the bank account of a faltering builder.
The dispute arose after the loan officer continued to release funds to a developer months after construction on a pair of custom homes had stopped, according to suits filed in Montgomery County Circuit Court.
The families claim Columbia Bank officials knew the developer was failing, but continued to advance the …