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FRAUD LOSS
9 Months Ended
Sep. 30, 2018
FRAUD LOSS  
FRAUD LOSS

14. FRAUD LOSS

The Company incurred a pre-tax charge of $9.5 million in the quarter ended September 30, 2018 relating to the fraudulent conduct of a business customer through its deposit accounts at the Bank.   The Company is working with the appropriate law enforcement authorities in connection with this matter.   The customer has filed a petition pursuant to Chapter 11 of the bankruptcy code. The Company has put its insurance carrier on notice of a claim for the loss, but the extent and amount of coverage is not yet certain.