A recent Bank Director article details the case of the former directors of the failed Haven Trust Bank in Duluth, Georgia, who are currently being sued by the FDIC for allegedly ill-advised and improper loans. Tod Sawicki, representing the defendants, argued the that the lawsuit was without merit: “These officers and directors were experienced and highly respected bankers and businessmen who at all times acted in good faith, and with diligence and sound business judgment. They successfully grew the bank for eight years before the economic turmoil in 2008. All loans made by the bank were in accord with the bank’s standard policies and procedures, which policies and procedures had been approved by the regulators. Notably, as the unprecedented financial crisis put pressure on the bank’s condition during 2008, the regulators did not assist, and indeed appeared to resist, the directors’ and officers’ efforts to add capital to the bank and save it from failure. Their motive for doing so remains unclear and baffling to us.”