BANKING: Abboud Ascends

Bob Abboud well remembers stories about the day more than 40 years ago when his father, the son of a Lebanese farmer, was denied a loan by a Boston banker. As a result, the family's heating and ventilating business went bankrupt, and Alfred Abboud was forced into teaching to pay off $5,000 owed to creditors. The incident, says A. Robert Abboud, taught him that one of the worst things a banker could do was to turn down a borrower of good character.

Abboud now has the opportunity to apply such wisdom on a grand scale. Last week, after a superachieving...

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