A Maryland-based bank and bank holding company agreed to pay nearly $23 million in penalties for improperly loaning approximately $90 million to family trusts controlled by its former chief executive officer over three years, then misleading investors about the loans.
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:... More by Aaron Nicodemus
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