Business
Bank to cut ties to payment processor accused of promoting illegal activity
One day after the U.S. Justice Department accused Four Oaks Bank and its parent company of allowing illegal activity to flow across its books, the Four Oaks-based bank agreed Thursday to pay $1.2 million to settle the case.
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One day after the U.S. Justice Department accused Four Oaks Bank and its parent company of allowing illegal activity to flow across its books, the Four Oaks-based bank agreed Thursday to pay $1.2 million to settle the case.
Reporter : Bruce MildwurfPhotographer : Terry Cantrell
Posted 2014-01-09T18:48:21-0500 - Updated 2014-01-09T18:48:21-0500