Actions against Respondents, a bank holding company and two executives, for alleged misstatements in public filings.  The SEC alleges Respondents failed to properly classify, report, and maintain adequate internal controls over certain troubled assets, which led to underreporting of losses in public filings.  Respondent bank has agreed to pay a civil penalty of $1,400,000.  Respondent executives have agreed to pay civil penalties of $50,000 each.

SEC Order (Bancorp)

SEC Order (Hilty)

SEC Order (McGraw)

SEC Administrative Summary