United American Bank of <a href="https://en.wikipedia.org/wiki/Knoxville,_Tennessee" id="mwAWY" rel="mw:WikiLink" title="Knoxville, Tennessee">Knoxville, Tennessee</a> collapses. Its president, <a href="https://en.wikipedia.org/wiki/Jake_Butcher" id="mwAWc" rel="mw:WikiLink" title="Jake Butcher">Jake Butcher</a>, is later convicted of <a href="https://en.wikipedia.org/wiki/Fraud" id="mwAWg" rel="mw:WikiLink" title="Fraud">fraud</a>.