A former regulator who in February was appointed president of First National Bank of Keystone, W.Va., said he was forced out six weeks later after recommending operational changes.

Owen Carney -- a securitization expert and 28-year veteran of the Office of the Comptroller of the Currency -- said in an interview Friday that he was hired in late 1998 as a consultant to the bank, which the government shut down last week amid fraud charges.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.