Skip to main content

Originally published Friday, November 15, 2013 at 4:22 PM

  • Share:
  • Comments (1)
  • Print

Summit Bank chairman gets 3-year sentence for false reports

Seattle Times business reporter

Most Popular Comments
Hide / Show comments
If he'd been a bigger, better liar, like ex-WaMu head Kerry Killinger, he'd still be... MORE


James Bishop, the former chairman and CEO of Summit Bank, was sentenced Friday to three years in prison and two years of supervised release for filing false call reports to the Federal Deposit Insurance Corp., which insures bank deposits.

Bishop, 70, of Mount Vernon, admitted in a guilty plea that he and his son, the bank’s president, deceived federal regulators about the financial condition of the Skagit County bank, which failed in May 2011.

Bishop has agreed to pay $300,000 to the FDIC.

His son, James Bishop II, is scheduled to be sentenced for his role in the scheme on Dec. 6, the U.S. Attorney’s Office said.

News where, when and how you want it

Email Icon

 Subscribe today!

Subscribe today!

99¢ for four weeks of unlimited digital access.



The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited content access is included with most subscriptions.

Subscriber login ►