Pioneer Bank says its exposure in potential fraud case could total $35 million in loans and deposits

//Pioneer Bank says its exposure in potential fraud case could total $35 million in loans and deposits

Pioneer Bank says its exposure in potential fraud case could total $35 million in loans and deposits

Pioneer Bank's disclosure does not name the "established business customer" connected to the potentially fraudulent activity, but it coincides with the sudden closure of MyPayrollHR. Multiple sources have said that all funds held in trust by MyPayrollHR at Pioneer Bank were frozen at some point last week.

Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.

By | 2019-09-11T22:49:49+00:00 September 11th, 2019|Economics|

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