Former TierOne Bank CEO gets 11 years in federal prison

Former TierOne Bank CEO gets 11 years in federal prison

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Convicted in federal. bank loan, a former doctors’ office manager was ordered to repay more than $200,000 to TierOne Bank. U.S. District Judge Richard Kopf on Thursday also sentenced Retha Hudkins.

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On Wednesday, the former tierone chief executive, Gilbert Lundstrom, got 11 years in prison and a fine of $1.2 million.

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Spotlight - GSA SmartPay 3 Former TierOne Bank CEO gets 11 years in federal prison Join CEO for hiding $100 million in losses. At the time of the closure, TierOne had more than 750 employees working at its headquarters in Lincoln and its 69 branch offices located in Nebraska, Iowa and Kansas.

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