Two people who use to work for a thrift in Dallas that is controlled by the Resolution Trust Corp. pleaded guilty last week to bank fraud charges. They face 30 years in prison and fines of up to $1 million.

Stephen K. Renshaw, a former employee at the failed Southwest Federal Savings Association, and George C. Dillon, a lawyer working for the thrift, waived their right to a trial and entered guilty pleas in U.S. District Court for the Northern District of Texas.

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.