Peter Dahl, former CEO of Crown Bank, Edina, Minn., has signed an FDIC order of prohibition, thereby relinquishing any future he might have had in banking. The FDIC claimed Dahl received financial gain or benefit as a result of a violation, unsafe or unsound practice, and breach of fiduciary duty, according to the order of prohibition. Dahl, who in June 2017 resigned from the $230 million bank he helped start 17 years earlier, waived his right to a hearing on any alleged charges and neither admitted nor denied any violations of law, unsafe or unsound practices, and breaches of fiduciary duty.
Dahl was part of a group of Bank Windsor alums who opened Crown Bank as a de novo in June of 2000 with a focus on serving entrepreneurs and funding multi-family housing projects.