Tagged with state banking department
NEW YORK (BNO NEWS) — The former President of The Park Avenue Bank in Manhattan, which was closed by regulators last Friday, has been arrested on fraud charges, prosecutors said on Monday.
A spokeswoman for the U.S. Attorney’s Office for the Southern District of New York said Charles Antonucci was arrested on allegations of self-dealing, bank bribery, embezzlement, and fraud on the New York State Banking Department, FDIC and TARP.
In March 2009, Antonucci told the Information Security Media Group that he withdrew his application for federal Troubled Asset Relief Plan (TARP) funds. “I don’t need TARP money,” he said.
Prosecutors will discuss the case during a press conference at 1 p.m. ET.
NEW YORK (BNO NEWS) — Prosecutors say the former President of The Park Avenue Bank in New York, which was closed by regulators last Friday, has been arrested on allegations of self-dealing, bank bribery, embezzlement, and fraud on the New York State Banking Department, FDIC, and TARP.
NEW YORK (BNO NEWS) — Federal regulators on Thursday closed the LibertyPointe Bank in New York, marking the 27th U.S. bank failure of 2010.
The LibertyPointe Bank was closed by the New York State Banking Department after its regular closing time on Thursday. The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver following its closure, which immediately entered into a purchase and assumption agreement with the New Jersey-based Valley National Bank in Wayne to assume all of the failed bank’s deposits.
