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Violation Tracker Individual Record

Company: Bank of Louisville
Current Parent Company: Truist 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.