[1][2] Harry C. Calcutt III was the CEO of Northwestern Bank during the Great Recession, when their relationship with one of their customers was allegedly mismanaged.

Instead of remanding the case to be re-investigated, the Sixth Circuit conducted their own review of the record and concluded that enough evidence existed to support the FDIC's conclusion.

The court revered the decision of the Sixth Circuit and remanded the case to the FDIC for re-investigation.

[1] This article incorporates written opinion of a United States federal court.

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