Fraud losses

California bank warns of large fraud-related charge-off

09/17/19

Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.

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Chemung in N.Y. discloses exposure to loan default

09/13/19

The loan participation has been flagged for potentially fraudulent activity.

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Pioneer in N.Y. issues warning on potential client fraud

09/11/19

The company says its exposure involves a participation loan to a business customer for which it was the originator.

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Banc of California warns of big charge-off tied to commercial client

09/10/19

The unnamed borrower was the victim of an alleged scam by another company.

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Pennsylvania bank works to stem damage from CEO’s fraud arrest

05/31/19

While Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation.

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Banks face collateral damage from clean energy firm's bankruptcy

03/08/19

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.

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OCC’s lax oversight compounded costs of thrift failure, IG says

11/08/18

Examiners could have done more to minimize the brunt to the Deposit Insurance Fund from Washington Federal Bank for Savings, which hid fraudulent loans and will cost the fund more than $80 million, according to a report from the Treasury’s inspector general.

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Former bank chairman charged with loan fraud

10/31/18

Fred Daibes and an associate allegedly conspired to fraudulently obtain loans from Mariner's Bank, a New Jersey institution he helped found.

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Fourth bank warns of loan loss from troubled borrower

06/01/18

Add S&T Bancorp to the list of lenders that appear to have exposure to a Pennsylvania fuel supplier dealing with alleged employee fraud.

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Three lenders warn about 2Q profit after borrower suffers fraud-related hit

05/31/18

Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial disclosed a total of $75 million in exposure to the commercial relationship.

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