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CertusBank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2015

    Executive-spending allegations and liquidation

    During the bank's final year, CertusBank faced allegations of lavish executive spending while suffering mounting losses. The OCC imposed fines related to excessive spending, and the bank elected to liquidate. Investor litigation and a countersuit by ousted founders followed.

    Source