08/29/2009 05:12 am ET Updated May 25, 2011

Defunct Bank Loaned Millions To Former Director Convicted Of Felony Theft

In the years leading to its collapse, New Frontier Bank financed about $9.6 million in business loans for a former director who later was convicted of felony theft for a mortgage scheme, his bankruptcy records show.

Dean Juhl, one of the original directors at the Greeley bank, got at least five loans from the bank. The mostly unsecured notes were still on the books when the bank was shut down by regulators in April, according to the court filing.

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