Violation Tracker Individual Record

Company: 
Bank of Louisville
Current Parent Company: 
Truist Financial
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 Parent: 
USA
HQ State of Parent: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of 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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.