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#2031543 - 08/04/15 04:10 PM Question on bank officers.
Anonymous
Unregistered

I read the bankruptcy thread and I have had this question posed to me. Can a person be promoted to an executive officer and/or say Asst. Vice President or Vice President after they have filed bankruptcy twice in the last 10 years? A employee asked me this question and said they had heard, No they cannot be promoted to a high position in a bank due to personal bankruptcy let alone doing it twice or maybe more.

Thanks for any response. Also who would know outside of the employee, unless he or she divulged it?

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#2031565 - 08/04/15 05:25 PM Re: Question on bank officers. Anonymous
Norman Paperman Offline
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Norman Paperman
Joined: Aug 2012
Posts: 1,636
48.934476, -114.343735
Tell the employee to show you their source. No one has time to chase down these unicorns.
_________________________
Maybe you just wanna fly the plane yourself. Well good luck pressing take off, then auto pilot, then land.


CRCM

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#2031572 - 08/04/15 05:43 PM Re: Question on bank officers. Anonymous
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,366
Bloomington, IN
17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#2031589 - 08/04/15 06:33 PM Re: Question on bank officers. Anonymous
Pale Rider Offline
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Pale Rider
Joined: Aug 2002
Posts: 34,317
under the Lone Star
Not sure an AVP makes "significant contributions", as the code states. But what bank wants to push the envelope and bring scrutiny down on them?
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#2031807 - 08/05/15 03:37 PM Re: Question on bank officers. Anonymous
Anonymous
Unregistered

OP here. I appreciate the responses. There is a little more to the story that cannot be brought up but I was just wondering. Thanks again.

Norman this was an after hours discussion off the clock. So any chasing would have been done on their time. They were just asking me if I had knowledge and I did not.

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