October 28, 2015
St. Paul Mercury Insurance Co. has reached a tentative settlement in its suit claiming it doesn't have to defend five former ShoreBank Corp. executives in a Federal Deposit Insurance Corp. action alleging their loose lending led to $73 million in losses and directly contributed to the bank's failure, according to court papers filed Tuesday.
August 13, 2014
St. Paul Mercury Insurance Co. filed suit Tuesday in Illinois federal court saying it doesn't have to defend five former executives of ShoreBank Corp. in a Federal Deposit Insurance Corp. action alleging their loose lending led to $73 million in losses and directly contributed to the bank's failure.