NAZARETH, Pa. - A county court in Northampton County has issued a preliminary injunction barring a customer of Nazareth National Bank and his six corporations from transferring any additional funds out of accounts at the bank and in New York and Montreal.

Nazareth is suing Thomas Neely and six companies he controls for allegedly defrauding the bank of $1.7 million by depositing overdrawn checks in Nazareth accounts and then transferring the money they didn't have to accounts at the Bank of New York and European American Bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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