trending Market Intelligence /marketintelligence/en/news-insights/trending/vvtVLSZ8BYtCkcTuvFjhVQ2 content esgSubNav
In This List

3 former execs of failed Calif. bank settle FDIC suit for $5.5M

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


3 former execs of failed Calif. bank settle FDIC suit for $5.5M

Threeformer Sonoma ValleyBank executives settled an FDIC lawsuit for about $5.5 million,according to a document posted on the FDIC's website.

In 2013,the FDIC, as receiver for the failed Sonoma, Calif.-based bank, filed a for money damagesagainst former CEOs Sean Cutting and Melvin Switzer, as well as Vice PresidentBrian Melland for their involvement in a series of risky real estate loans.