Former bank executive accepts industry ban

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David Kennelly, former chief lending officer of the failed Bank of Clark County, has accepted a lifetime ban from working in the banking industry.

The Federal Deposit insurance Corp. this week released its order, dated Aug. 11, effective immediately. The agreement followed an FDIC enforcement action filed against Kennelly in June. The agency said that it had not received a signed copy of its 2010 agreement with Kennelly that banned him from the banking industry.

Kennelly was charged in 2010 with a felony count of concealing material facts from bank examiners prior to the Bank of Clark County’s Jan. 16, 2009, failure. He pleaded guilty and voluntarily accepted the ban. He is identified on a website as a principal of Vancouver-based Summit Business Advisers, which offers advisory and consulting services to business owners and managers.