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NET FRAUD LOSS	12 Months Ended
Dec. 31, 2020
NET FRAUD LOSS
NET FRAUD LOSS	22. NET FRAUD LOSS The Company incurred a pre-tax charge of $8.9 million in the year ended December 31, 2018 relating to the fraudulent conduct of a business customer through its deposit accounts at the Bank. The Company continues to work 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. In September 2020, the Company resolved its claim for the loss with its insurance carrier to the full extent of the available coverage.

NET FRAUD LOSS

12 Months Ended

Dec. 31, 2020

22. NET FRAUD LOSS

The Company incurred a pre-tax charge of $8.9 million in the year ended December 31, 2018 relating to the fraudulent conduct of a business customer through its deposit accounts at the Bank. The Company continues to work 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.

In September 2020, the Company resolved its claim for the loss with its insurance carrier to the full extent of the available coverage.