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Jackson Stephens, a billionaire banker in Little Rock, Arkansas, and one of presidential candidate [[Bill Clinton]]'s main supporters, played a key role in setting up the illegal purchase of the American branch of the BCCI of two American banks.

Jackson Stephens, a billionaire banker in Little Rock, Arkansas, and one of presidential candidate [[Bill Clinton]]'s main supporters, played a key role in setting up the illegal purchase of the American branch of the BCCI of two American banks.

Both First American National Bank and Georgia National Bank were purchased by BCCI front man and Stephens business associate Gaith Pharon. Stephens' family bank, the Worthern National Bank, extended a two million dollar loan to the 1992 Clinton presidential campaign.

Both First American National Bank and Georgia National Bank, owned by Bert Lance, were purchased by BCCI front man and Stephens business associate Gaith Pharon. Stephens' family bank, the Worthern National Bank (later renamed Boatman's Bank), extended a two million dollar loan to the 1992 Clinton presidential campaign.

Stephens was named in the court records as having brought Pharon together with Stephens' close friend Bert Lance. Lance was a former [[OMB]] nominee under President Jimmy Carter who was denied confirmation due to a banking scandal.

Stephens was named in the court records as having brought Pharon together with Stephens' close friend Bert Lance. Lance was a former [[OMB]] nominee under President Jimmy Carter who was denied confirmation due to a banking scandal.