Magazine article American Banker

Comptroller Bans Ex-Chief of Texas Bank

Magazine article American Banker

Comptroller Bans Ex-Chief of Texas Bank

Article excerpt

A former president and director of an east Texas bank has been banned from banking and fined $7,500 by the Office of the Comptroller of the Currency.

Marshall Dear's agreement with regulators also subjects the ex-banker to an unusual stipulation.

Mr. Dear, who was also chief executive of the bank, First National Bank of New Boston, must personally participate in a loan on its books to one David Ruff.

He agreed to pony up $12,400 for the participation and to forgo receiving any interest on the deal until Mr. Ruff's debt to the bank returns to performing status.

OCC officials would not comment on the details of the arrangement, and bank officials could not be reached for comment.

The OCC ordered Mr. Dear to offer First National the $12,400 as a participation in one of two loans to Mr. Ruff. Mr. Dear would not be paid back his $12,400 until another loan to Mr. …

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