PCA pays American National Bank back

American National Bank and Trust Co. has recovered all of the approximately $600,000 it loaned to the Peanut Corporation of America, which is in bankruptcy proceedings.

“We didn’t lose a penny,” said Cabell Dudley, executive vice president of the bank. Even the interest on the loan was covered, Dudley said on Tuesday.

The bank, with headquarters in Danville, was listed among creditors when PCA filed in U.S. Bankruptcy Court in Lynchburg in February.

The filing came after the Centers for Disease Control traced a nationwide salmonella outbreak to PCA plants in Blakely, Ga., and Plainview, Texas. PCA headquarters were in Bedford County, on Wiggington Road in suburban Lynchburg.

Nine people died as a result of the outbreak and 714 illnesses were connected to it, the CDC said.

Claims have topped $200 million as the case makes its way through bankruptcy proceedings.