Bank Inks $2M Settlement Over Handling Of ESOP Buy

By Danielle Nichole Smith (October 27, 2020, 10:01 PM EDT) -- Lubbock National Bank has agreed to pay $2 million to resolve an ERISA suit alleging the bank allowed TBM Consulting Group workers to get ripped off when their employee stock ownership plan bought shares from the consulting company's former CEO for $10.5 million....

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