Report: Feds demanded bank cease "insider dealings" and "golden parachute payments" under COD trustee candidate's watch
A bank run by College of DuPage trustee hopeful Matt Gambs was once reprimanded by federal regulators, accused of engaging in "unsafe or unsound business practices" in a 2010 Order to cease and desist issued by the Office of Thrift Supervision.
The College of DuPage Board of Trustees is currently under fire for approving a "golden parachute" payment of $763,000 to school president Robert Breuder.
Gambs is one of twelve candidates vying for a trustee slot. The others include Claire Ball of Addison, Charles Bernstein of Wheaton, Joseph Wozniak of Naperville, Nancy Svoboda of Downers Grove (incumbent), Frank Napolitano of Bloomingdale, Kim Savage of Darien (incumbent), Roger Kempa of Darien, Dave Carlin of Naperville, Deanne Mazzochi of Elmhurst, Sandy Pihos of Glen Ellyn, and Dan Bailey of Wheaton.