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The Boston Globe

Business

Money, politics fought over in church’s bankruptcy case

It was a remarkable moment in the midst of a nasty fight. On the first day of Charles Street African Methodist Episcopal Church’s bankruptcy proceeding in August, a church leader, Dennis Lloyd, greeted Teri Williams, the president of OneUnited Bank, with a polite kiss on the cheek.

Such good will has not been on display since, over many hours of testimony and cross-examination in US Bankruptcy Court in Boston. Charles Street is trying to reorganize nearly $5 million in loans it owes the bank, after OneUnited threatened to auction off the historic church in February and sparked a public battle between the two prominent black institutions.

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