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California bank disobeys enforcement order by hiring new CEO

The state Department of Financial Protection and Innovation issued a cease-and-desist order against Nano Banc, saying the troubled bank violated an earlier consent agreement when it replaced five board members and appointed a new CEO without the regulator’s permission.
United States Mark Rebal Anthony Gressak Mark Troncale Commerce Bank Department Of Financial Protection

California bank disobeys enforcement order by hiring new CEO

The state Department of Financial Protection and Innovation issued a cease-and-desist order against Nano Banc, saying the troubled bank violated an earlier consent agreement when it replaced five board members and appointed a new CEO without the regulator’s permission.
United States Mark Rebal Anthony Gressak Mark Troncale Commerce Bank Department Of Financial Protection

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