The Federal Deposit Insurance Corp. sued former officials of County Bank in Merced, California, part of Capital Corp. of the West, claiming their mismanagement caused $42 million in losses through bad loans.
Named in the suit, filed Jan. 27 in federal court in Fresno, were former County Bank Chief Executive Officer Thomas T. Hawker; John J. Incandela, Dave Kraechan, and Edwin Jay Lee, who are former vice presidents; and Edward Rocha, the former chief operating officer and bank president.
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The case is FDIC v. Hawker, 12-CV-00127, U.S. District Court, Eastern District of California (Fresno).