Search Tags: Bank of the Commonwealth
A former executive of a now-collapsed Virginia bank has been sentenced to 17 years in federal prison.
Tags: bank collapse
Tags: Edward Woodard
Federal regulators have revoked the stock of the shuttered Bank of the Commonwealth's parent.
A developer will spend more than two years in prison for his role in a fraud scheme that led to the Bank of the Commonwealth's collapse.
A federal court jury has found former Bank of the Commonwealth president and CEO Edward Woodard Jr. and three others guilty of conspiring to defraud the bank out of $71 million.
Jury deliberations are continuing in the trial of four former Bank of the Commonwealth executives and a developer accused of conspiring to defraud the bank out of $71 million.
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