Posted on Wed, Feb. 13, 2008
HARRISBURG - Louis A. DeNaples, the Scranton businessman charged with lying about connections to organized crime to win a casino license, has been suspended from his position as chairman of First National Community Bancorp Inc.
The federal Office of the Comptroller of the Currency on Monday also barred DeNaples from working for any other bank.
DeNaples, 67, who is the bank's largest shareholder, requested a temporary leave of absence last week, the bank said.
He was charged Jan. 30 by state police with four counts of perjury after a seven-month investigation by a Dauphin County grand jury into what he told state gambling agents who were looking into his background. Prosecutors say DeNaples did not tell the truth about his relationships with two reputed mobsters and two other men at the center of a federal corruption investigation in Philadelphia.
DeNaples won a casino license in December 2006 and opened Mount Airy Casino Resort in the Pocono Mountains in October.
After he was charged, the Pennsylvania Gaming Control Board suspended DeNaples' casino license and put a trustee in charge of Mount Airy.
Attorneys for DeNaples say he is innocent.
Federal law allows banking regulators to ban officials from holding positions at banks when they are charged with breaking state or federal laws "where the charge may threaten to impair public confidence" in the bank, the Office of the Comptroller of the Currency said. The suspension is in effect as long as charges against DeNaples are pending or until terminated by the comptroller's office, the agency said.