Regulators file charges against failed bank's ex-president, associate - 2004-02-20
The ex-president of a failed bank will be dealt civil and administrative charges filed by federal regulators, who also froze more than $4 million he took out from the bank after investigators showed up there earlier this month.
The Office of Trust Supervision, a Treasury Department agency which closed the single-branch Dollar Savings Bank last Saturday, said Robert DeMane and an associate, Larry Marro, set up unauthorized mortgage operations outside the bank's lending area.
Read the full story at AP via New Jersey Online