Daniel Webster, the Republican State Representative from Pembroke, has defaulted on a loan he took from Rockland Trust Company. He’s paid back most, but not all, the principal, interest and fees he owes.
The bank gave the attorney and legislator a loan of $470,000. He defaulted on the loan. In August of 2010, the bank filed suit in Superior Court to force Webster to pay. He had agreed to several payment plans and defaulted on all of them. Monday afternoon, he failed to show for a hearing in Brockton Superior Court again. The court has scheduled eight such dates in the case. Webster has never appeared.
Jason Pithie, representing the bank, asked Judge Charles Hely for a final judgement Monday. The judge did not hesitate in granting two requests by the bank. One judgement found Webster owed the money. The second found the amount the bank claims he owes is correct.
Daniel Webster still owes the bank $77,000 plus $110,000 in interest and attorney fees.
Webster has two co-defendants, Susan Webster of Hanson and Deana Palombo, who shares a Pembroke address with the representative. That Pembroke condo was one of several pieces of real estate Webster used to secure the loan. Palombo has declared bankruptcy, putting her outside the authority of the court.
Ironically, immediately after college graduation, Webster worked for eight years as a loan officer for Rockland Trust.