In the wake of the 2008 financial crisis, only one U.S. bank faced criminal charges: Abacus Federal Savings of Chinatown, New York. The indictment and subsequent trial forced the Sung family, who owned the small community bank, to defend themselves – and their bank’s legacy in the Chinatown community – over the course of a five-year legal battle.
“Abacus: Small Enough to Jail”, an award-winning documentary, traces the story of the Sung family’s struggle.
In an exclusive interview for Financial Narrative, Dan Simon, CEO of Vested will host a conversation with Jill and Vera Sung as they share their experiences defending their family’s bank and their views on the role of community banks today.
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