FDIC: Ban ex-Bank of Clark County CFO
Kennelly could never work in banking again
Saturday, July 30, 2011
David Kennelly, former chief lending officer of the failed Bank of Clark County, would be banned from ever working again in the banking industry under a Federal Deposit Insurance Corp. enforcement action made public Friday.
Kennelly was charged Feb. 11, 2010, with a felony count of concealing material facts from bank examiners prior to the Vancouver bank’s Jan. 16, 2009, failure. Kennelly pleaded guilty and voluntarily accepted a ban from working in the banking industry.
The Federal Deposit Insurance Corp. said it filed the enforcement action, which was dated June 10, because it has not received a signed copy of the 2010 agreement from Kennelly. He has 20 days from receipt of the order to challenge the order, a process that would require a public hearing.
In the document, the federal bank regulatory agency said Kennelly’s actions at the Bank of Clark County “demonstrate personal dishonesty and a knowing disregard for the safety and soundness of the Bank.”
Kennelly did not respond to a call requesting comment. He is identified as a principal of Vancouver-based Summit Business Advisers, which offers advisory and consulting services to business owners and managers, on the company’s website.
Gordon Oliver: email@example.com; 360-735-4699.