Fla. U.S. Attorney: Valley National Bank Resolves Civil Liability Relating to Self-Disclosure of Its Role in the Impermissible Use of PPP Loan Proceeds By Bank Customer
September 24, 2024
September 24, 2024
TAMPA, Florida, Sept. 24 -- The office of the U.S. Attorney for the Middle District of Florida issued the following news release:
Valley National Bank (VNB), a national bank and member of the Federal Reserve System, has agreed to pay $216,784.50 to resolve its civil liability under the False Claims Act for its self-disclosed role in the administration of two loans to a bank customer made under the Coronavirus Aid, Relief and Economic Security Act (CARES), the Payroll Protection Prog . . .
Valley National Bank (VNB), a national bank and member of the Federal Reserve System, has agreed to pay $216,784.50 to resolve its civil liability under the False Claims Act for its self-disclosed role in the administration of two loans to a bank customer made under the Coronavirus Aid, Relief and Economic Security Act (CARES), the Payroll Protection Prog . . .