Ex-banker, who helped bring World's Fair to Knoxville, dies



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

CLINTON, Tenn. (AP) — Jake Butcher, who helped bring the Word's Fair to Knoxville before his family's East Tennessee banking network collapsed amid a federal investigation, has died. He was 81.

Holley-Gamble Funeral Home Director Perry Dupree confirmed that Butcher died Wednesday morning.

Media report Butcher and his brother, C.H. Butcher Jr., built their father's banking business in Clinton into a multi-million-dollar financial network that included United American Bank. Federal agents padlocked the doors of the bank in 1983 and ultimately a slew of banks with deposits that totaled more than $1 billion failed.

The brothers pleaded guilty to federal charges of conspiracy and bank fraud and both served time in prison before being paroled.

C.H. Butcher died in 2002.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Tags

U.S.
The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast