The president and co-founder of a Queens, N.Y., bank was suspended by federal regulators last week after his arrest on charges of misusing bank funds.

Joseph C. Liu and three former directors and officers of Great Eastern Bank were charged with conspiracy and falsifying records in connection with the bank's lease on a building owned by Mr. Liu and other bank directors.

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.