Anatomy of a Banking Scandal: The Keystone Bank Failure-Harbinger of the 2008 Financial Crisis

In the early 1990s, the First National Bank of Keystone was listed as the most profitable large community bank in the country. It was all a fraud. Robert S. Pasley explores the failure of the bank, the intrigue involved and the lessons that can be learned about how banks operate, how federal banking regulators supervise financial institutions, how agencies interact with one another and how such failures can be avoided in the future. Original.