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Bank Gives $250K Unsecured Loan to Super PAC (Updated)

In an unusual transaction, a Super PAC has reported receiving an unsecured $250,150 loan from a financial institution to use for making independent expenditures in the 2014 primary elections.  

The Mississippi Conservatives , a Republican-oriented Super PAC supporting Sen. Thad Cochran, R-Miss., in the June 3rd Republican primary, reported  it had receipts of $717,993 during the first quarter of 2014, including a $250,150 loan from Trustmark Bank in Jackson, Mississippi. Trustmark (NASDAQ:TRMK) is a publicly traded corporation.