Who is Dave Spence? Spence is a conservative who benefited from TARP but is running away from it now he is running for Missouri governor in 2012! He has been caught lying about it!

Between December 31, 2009, and December 31, 2010, Reliance Bancshares made$21,041,439 in loans to executive officers and directors or to benefit officers and directors.This is equal to approximately half the money they received through TARP.  Source: St. Louis Beacon

 In fall 2010, Spence bought 500,000 shares of Reliance stock for $1.5 million. Source: Director Compensation 1

 On the proxy statement filed with the SEC on 3/25/11 by Reliance, David R. Spence is listed as receiving $10,250 for his services on the Board of Directors. Source: Director Compensation 2

On the proxy statement filed 4/1/10, Spence is listed as receiving $2,000 for his services. Source: 

Director Compensation 2


Courtesy of Scribd (original source)


Our addition:

Dave Spence is a Republican millionaire who wants buy the Missouri Governor's office using his immense wealth. He lives in a $8,000,000 mansion in St.Louis. He vows to take away the rights of the police and firefighters that protect us, nurses that treat us, teachers that educate our children you name it. He vows to destroy the Missouri middle class. He benefited from the federal TARP or bank bailout when he presided over Reliance bank in St. Louis but has been caught lying about it! Hi bank refused to pay back the taxpayers' $42,000,000 TARP bailout! He is connected with Wall Street! This is greed pure and simple! Now Dave Spence wants our votes to enrich himself all the more! Doesn't this remind you of Gov. Scott Walker of Wisconsin and Gov. John Kasick of Ohio?

Dave Spence, a millionaire who owns this $8,000,000 mansion wants to be Missouri's next governor.  He is a conservative who benefited from the federal TARP when his bank took a $42,000,000 bailout but is unable to defend his records. Mr. Spence is part of the 1% Americans who control the system at the expense of the 99% who are reeling from the effect of the recession! If elected governor he will only think of his profit and that of his opulent friends like St. Louis tycoon developer Williams Koman. Mr. Koman contributed $100,000 to Spence's campaign. You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis?

Dave Spence is worth $190-200,000,000, lives in a $8,000,000 mansion  in St. Louis,  owns  several luxurious cars., is deeply connected with Wall Street, and  donated $2, 000,000 of his wealth to his campaign for Missouri' governor's race in,  2012.  You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? Suck his money and send him packing back to his luxurious mansion in St. Louis. His wealthy friends will raise $ millions to buy him the Governor's office.

Has Dave Spence paid enough taxes in 2008, 2009, and 2010 for his multimillion business empire? He has to avail the information to the public? Did he take advantage of the tax loopholes?


A message to Missouri voters: If millionaire Dave Spence isn't forthcoming about his involvement in TARP (simply bank bailout) do you expect him to be truthful with you as a Governor of the Great State of Missouri? Don't fall for his tricks!