FDIC: Ban ex-Bank of Clark County CFO

Kennelly could never work in banking again

By Gordon Oliver, Columbian Business Editor

Published:

 

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: gordon.oliver@columbian.com; 360-735-4699.