SEC Reaches Settlement with First Capital Bank of Texas Executive

SEC Reaches Settlement with First Capital Bank of Texas Executive

A First Capital Bank of Texas Executive has agreed to a settlement with the Securities and Exchange Commission.
AMARILLO -- A First Capital Bank of Texas Executive has agreed to a settlement with the Securities and Exchange Commission.

Ted Awerkamp agreeded to pay the SEC $100,000 and to never act as an officer of a public traded company again.

The settlement comes after the SEC charged Awerkamp with failing to report losses when he was CEO of Mercantile Bancorp back in 2010.

Awerkamp is now COO at First Capital Bank here in Amarillo.
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