Sections

Weather Forecast

Close
Advertisement

Former bank officer fined

Email News Alerts

The former executive vice president of a Park Rapids bank has been ordered by the FDIC to pay a civil penalty of $10,000 for alleged breach of his fiduciary duty.

Advertisement

Jon P. Smythe left his position at State Bank of Park Rapids in November 2010.

The Federal Deposit Insurance Corporation, which regulates banks, sent down two orders in the case, one in December and one May 26 that was released Friday.

Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Sarah Smith
Sarah Smith is the outdoors editor. She covers courts, business and breaking news in addition to outdoors events.
(218) 732-3364
Advertisement
randomness