WASHINGTON -- Two federal regulatory agencies announced enforcement actions Wednesday against 17 officers and directors of six banks and a savings and loan association in Connecticut.
The banks were newly chartered and loosely affiliated in an organization called the Penta Group, which was founded by Richard d. Barbieri Sr., president of Security Savings and Loan Association, Waterbury, Conn.
$34 Million in Penalties
Four of the institutions were closed last year after alleged insider dealings by their officials.
The Office of the Comptroller of the Currency and Office of Thrift Supervision are seeking $34 million in penalties.
Named in the civil complaints were Mr. Barbieri and his son, Richard D. Barbieri Jr., Vincentina J. Barbieri, Raymond Cordani, Mathew Sivilla, Paul Kolok, John P. Bieletti, Vito P. Catucci, John A. Corpaci, Augustus I. Cavallari Jr., Michael R. Corporale Jr., Robert Cicarcelli, Ralph H. Carpinella, John J. Franco, Vinal Duncan, Anthony DiFabio,and Mario Albini.
Their institutions were: Engfield National Bank, Enfield; Liberty National Bank, Danbury; Harbor National Bank of Connecticut, Branford; Summit National Bank, Torrington; Colony Savings Bank, Wallingford; Community Savings Bank, Bristol, and Security Savings.