1st Edition
Anatomy of a Banking Scandal The Keystone Bank Failure-Harbinger of the 2008 Financial Crisis
Contents
Preface
Author’s Note
Acknowledgments
Cast of Characters
Entities Involved
List of Acronyms
1 Burying the Documents
2 J. Knox McConnell and the Rise of the Bank
3 Billie Cherry, Terry Church, and the Town of Keystone, West Virginia
4 Death of Knox McConnell
5 A Train Wreck A Comin’
6 The Examinations of the Bank, 1990–1997
7 1998 Examination
8 The Last Year of the Bank
9 The Criminal Cases
10 The Civil and Administrative Cases
11 The Case Against the Attorneys
12 The Case Against the Bank’s Accounting Firm—Grant Thornton
13 The Sad Story of Gary Ellis
14 Aftermath of the Failure of the Bank
15 Harbinger of the 2008 Financial Crisis
16 Lessons Learned
17 Consolidation of the Federal Banking Agencies
18 Conclusion
Appendix A Additional Information Concerning the Criminal and SEC Cases Brought Against the Insiders of the Bank
Appendix B Additional Information Concerning the Civil Cases Brought in Connection with the Bank
Bibliography
Index
Biography
Robert Pasley
'The book is ambitious in scope, and it raises questions that are extraordinarily important and interesting. It tells a story about corruption, analyzes the internal and external causes of the bank's failure, and describes the ensuing cases against the culprits inside and outside the bank.' - Juan Almandoz, Administrative Science Quarterly
