WASHINGTON Two Denver bankers could be banned from the industry and fined as much as $2 million for prompting the now-defunct Professional Bank to make improper affiliate and insider transactions, the Federal Reserve Board announced Monday.
A public administrative hearing is scheduled for April 2 to determine whether Oren L. Benton and Edward D. Scott should be penalized. Mr. Benton was the sole shareholder and a director of the Denver bank. Mr. Scott was its executive vice president and a director. Mr. Benton faces a $1.25 million fine, and Mr. Scott a $75,000 fine.