FDIC Imposes Life Ban and Fine on Ex-Bank CEO

The FDIC has banned Harry C. Calcutt III for life from the banking sector and fined him $125,000 after he approved unsafe transactions at Northwestern Bank in Michigan and concealed them from regulators. The decision follows a Supreme Court ruling that required re-evaluation of his case under correct legal standards.

By Gabrielle Saulsbery Mon, June 1, 2026 at 3:29 PM GMT+3 2 min read · Yahoo Finance · June 1, 2026, 12:29 UTC

FDIC Imposes Life Ban and Fine on Ex-Bank CEO

Topics: corporate misconduct enforcement actions FDIC Supreme Court

Read the full article at Yahoo Finance

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