The FDIC demands more than $13 million from three top officers of the
defunct Security Savings Bank, claiming they "wholly abdicated" their
responsibilities before the bank in suburban Henderson, Nev. failed in
2009.
The FDIC, as receiver for the bank, sued former CEO Kelly Jones, former president and Chief Credit Officer Stephen Dervenis, and former senior vice president of compliance and operations Thomas Procopio, in Clark County Court.
They approved at least seven high-risk commercial real estate loans in violation of the bank's lending policies, the FDIC says.
Read more: http://www.courthousenews.com/2013/02/04/54524.htm
The FDIC, as receiver for the bank, sued former CEO Kelly Jones, former president and Chief Credit Officer Stephen Dervenis, and former senior vice president of compliance and operations Thomas Procopio, in Clark County Court.
They approved at least seven high-risk commercial real estate loans in violation of the bank's lending policies, the FDIC says.
Read more: http://www.courthousenews.com/2013/02/04/54524.htm
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