First National Community Bancorp in Dunmore, Pa., will pay $1.5 million to resolve issues tied to the Bank Secrecy Act.
The $970 million-asset company disclosed in a regulatory filing Friday that it had reached a settlement with the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network tied to BSA-related claims.
First National said in the filing that the civil money penalty addressed "allegations based on events that transpired a number of years ago," involving former Luzerne County Judge Michael Conahan. The filing provided no other details.
Conahan pleaded guilty in 2010 for participating in a racketeering conspiracy, where he accepted a share of $2.8 million from the developer and co-owner of a for-profit juvenile detention center. He was sentenced to 17.5 years in prison in 2011.