February 17, 2009

R. Allen Stanford’s offshore lender, Stanford International Bank Ltd., hasn’t been able to complete the financing of two transactions involving U.S. companies in which it owns shares, according to regulatory filings.

The Antigua-based bank, whose affiliated brokerage firm in Houston is under investigation by U.S. securities regulators, according to people familiar with the matter, was released from its obligation to lend Elandia International Inc. $28 million, a filing dated Feb. 6 said.