Five Star Bank parent's earnings take hit from fraud case
Financial Institutions profits plunged 79% in the first quarter, to $2.1 million from $9.8 million a year ago.
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Financial Institutions profits plunged 79% in the first quarter, to $2.1 million from $9.8 million a year ago.
A court-appointed receiver will be named to manage the financial affairs of Rochester-area businesses owned by Katherine Mott, whom Five Star Bank accuses of defrauding the bank of $18.9 million.
Local restauranteur Katherine Mott was not present for a motion hearing Wednesday, in the case of alleged kite-scheming activity.
Five Star Bank sues owner of Crescent Beach, other developments Monroe County
There is an update on the local restaurant owner accused of defrauding a bank out of nearly $19 million dollars.