Security Pacific Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1988
False loss announcement and Mitnick allegations
A false press release claimed that Security Pacific had lost $400 million in a quarter, affecting its share price. The FBI examined circumstantial evidence in connection with Kevin Mitnick, but no link to the release was proven and Mitnick denied responsibility.
1985
Trust-account overcharge lawsuit
A class-action lawsuit alleged that Security Pacific had overcharged approximately 2,500 trust accounts dating back to 1974. The supplied reference does not establish the final legal outcome.