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Published: July 26, 2008
Bank sues SemGroup founder over loan
By Don Mecoy
TULSA — Bank of America sued SemGroup LP founder Tom Kivisto on Friday seeking $12.9 million after he defaulted on a personal loan secured by his trust's interests in the bankrupt Tulsa energy company.

Bank of America approved a two-year $15 million loan to Kivisto on May 26, 2006. When the loan came due in May, the maturity date was changed to Aug. 24.

However, Kivisto's removal as chief executive offi...

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