On Air Now

Current Show

The Rush Limbaugh Show   11:00 AM - 2:00 PM

Call The Rush Limbaugh Show at 1-800-282-2882.

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
74° Feels Like: 74°
Wind: E 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 78°

Tonight

Partly Cloudy 55°

Tomorrow

Partly Cloudy 80°

Alerts

Ex-Anchor Bank CFO to pay fine to settle fraud allegations

Bankruptcy
Bankruptcy

MADISON, WI (WTAQ) - A former chief financial officer of Madison’s Anchor Bank will pay a $75,000 penalty, to settle federal fraud allegations.

The U.S. Securities and Exchange Commission filed a civil suit against Dale Ringgenberg on Wednesday, two days after the bank’s parent company filed for bankruptcy protection.

The SEC said Ringgenberg and Anchor Bank either intentionally or recklessly under-reported losses from bad loans in 2009, during the height of the Great Recession. The bank itself will not pay a penalty.

Under the settlement, Ringgenberg and the bank do not have to admit or deny wrongdoing.

Ringgenberg will not be able to serve as an officer or a director of a public company for the next five years. 

Comments