23 May 2013
Find out more

Pulaski accuses rival bank and former employees of data theft

16 July 2012  |  2464 views  |  0 Hands on keyboard

Missouri-based Pulaski Bank has filed a lawsuit against rival First State Bank and three former employees alleging the theft of customer information, loan files and confidential trade secrets.

The suit, filed in the US District Court of Kansas, claims the former employees, while still employed at Pulaski, conspired to recruit new employees and pass confidential customer data and files to First State Bank for use in establishing a competing mortgage operation.

The suit follows the opening by First State Bank of two Kansas City-area home mortgage lending and origination offices with a combined work force of between 40 and 50 employees. The new local management staff includes Rita Rieke, previously a senior vice president and star sale person with Pulaski Bank Home Lending.

Pulaski has named Rieke and colleagues Linda Stewart and Charles Ziegler in the suit, which is seeking a return of data and punitive damages.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

11 November, 2011
14 October, 2011
07 July, 2011
27 May, 2011
21 March, 2011
23 November, 2010
10 November, 2010
10 November, 2010
06 August, 2010
07 May, 2010
15 February, 2010
Find out moreFind out moreFind out more

Who is commenting?

Finextra Member Commented on: Cash is dead - in Finl...
Finextra Member Commented on: Live: EBAday 2013, day...
Finextra Member Commented on: Major German banks to ...

Featured job

Competitive Salary
London

Find your next job