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Violation Tracker Individual Record

Company: Bank of Louisville
Current Parent CompanyTruist Financial
Parent at the Time of the Penalty Announcement subscribe to see this data field
Recap of Ownership Changes subscribe to see this data field
Penalty: $27,000,000
Year: 2002
Date: March 1, 2002
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Bank of Louisville paid $27 million to settle most of an 8-year-old lawsuit arising from the failure of Kentucky Central Life Insurance Co.
Level of Government: state
Action Type: agency action
Agency: Kentucky Department of Insurance
Civil or Criminal Case: civil
Facility State: Kentucky
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: Bank of Louisville settles 1993 suit with state agency, Courier-Journal, March 1, 2002 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.