Iowa banker banned from banking; Accused of causing $4 million in losses

John McGlothlen

Mar. 30, 2010 12:13 pm

Woodbine resident Kenneth D. Waite also was fined $40,000 for what the FDIC called his “unsound” banking practices and breaches of duty at both Farmers Trust and Savings Bank, where he was a vice president, and Commercial Federal, which has since been purchased by Bank of the West. ...