Green Touch Builders | Congressional, American bank merger still moving forward; no word on Plack's status
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March 13, 2015 By SEO Admin

Congressional, American bank merger still moving forward; no word on Plack's status

The merger of Congressional Bancshares and American Bank Holdings is moving forward, bank and regulatory sources say, though time is running out to close the deal by the end of this quarter, as first announced six months ago.

What bank officials and regulators won’t talk about, however, is the fate of American CEO James Plack.

Last fall, the federal Office of the Comptroller of the Currency filed a notice of charges to remove the executive, bar him from banking and make him pay a $250,000 fine.…