News
Federal Agency Seeking Civil Penalty from Former Citizens Bank President
By: Steve Robb - Athens Messenger staff reporter
Posted on:
The Federal Deposit Insurance Corp. is seeking a $105,000 civil penalty against the former president of the Citizens Bank of Logan, Bryan Starner, alleging that he violated Ohio lending limits and “recklessly engaged in unsafe and unsound practices.”
However, Columbus attorney John Mazza said he and his client, Starner, are “kind of mystified” about why the FDIC is pursuing the matter after several years have passed.
“To throw all of this at his feet, and no one else’s, doesn’t make sense,” Mazza said.
The allegations relate to loans made in connection with the University Estates development in Athens. Starner, who was president of the bank and its holding company, resigned his positions with the bank and holding company in 2012.
For the full story, visit The Athens Messenger.