Former Senior Vice President of Colonial Bank Pleads Guilty to Fraud Scheme
March 3, 2011
Total Loss:
$400 million
Catherine Kissick, a former senior vice president of Colonial Bank and head of its Mortgage Warehouse Lending Division, pleaded guilty today to conspiring to commit bank, wire and securities fraud for her role in a fraud scheme that contributed to the failures of Colonial Bank and Taylor, Bean & Whitaker (TBW).
Source:
FBI