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Loan Modification

: Flipping Frenzy

Chicago Bank CEO Sued for Alleged ?Shaky? Loans

By Ralph Roberts

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Wheatland Bank in Naperville, IL, which opened less than three years ago, sued its former chief executive, Michael Sykes for allegedly breach of fiduciary duty, fraud, negligence and conspiracy. The lawsuit was filed in Cook County Circuit Court Dec. 21, 2010. Sykes, a bank organizer and shareholder resigned as Wheatland CEO last June; [...]

Full post as published by Flipping Frenzy on January 31, 2010 (boomark / email).

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