River City Bank seizes $425,000 of City of Elk Grove's deposits after Slow and Low defaults on loans

It is unclear whether Elk Grove is the primary or secondary beneficiary of the proceeds from the sale of the furniture, fixtures, and equipment.

River City Bank seizes $425,000 of City of Elk Grove's deposits after Slow and Low defaults on loans
Elk Grove city manager Jason Behrmann discussing the default of a $500,000 taxpayer-guaranteed loan to a failed Old Town Elk Grove restaurant