LINCOLN (AP) — Federal regulators have fined a former bank branch manager and banned him from the business.
The Lincoln Journal Star reported that the Federal Deposit Insurance Corp. issued the order against Daniel Skalberg effective Oct. 31 but didn’t make the actions public until Friday.
Daniel Skalberg was president of Pinnacle Bank’s Madison branch from 1996 to 2010. He agreed to a $25,000 fine and the stipulation that he not work in banking again. He admitted to no wrongdoing, however.
Skalberg had been accused of an improper loan scheme involving a Madison vehicle dealer from 2006 to 2010. The FDIC said the scheme cost the bank around $400,000.
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