The Nation - News from Jan. 1, 1986

Bert Lance was overwhelmingly reelected as chairman of the Calhoun, Ga., First National Bank, despite a pending lawsuit by a federal agency accusing him of banking violations. Shareholders at the annual meeting cast 99% of their votes in favor of the slate of directors presented by Lance and the bank, said bank spokesman Mike Jones. He said 76% of the outstanding shares voted. Lance, one-time director of the federal Office of Management and Budget under former President Jimmy Carter, is the largest shareholder in the bank with 87,452 shares, or 14.75% of those outstanding.