Former banker Stephen Calk was sentenced by a federal judge to just over a year in prison after he was convicted in a bribery case involving former Trump campaign chairman Paul Manafort.
Lorna Schofield, a judge representing the Southern District of New York, also assess a $1.25 million fine. Calk, once CEO of Federal Savings Bank in Chicago, also faces two years of supervised release and will be required to perform 800 hours of community service.
A jury last year found Calk guilty on bank bribery charges tied to about $16 million of loans he approved for Manafort.
Federal Savings reached a formal agreement with the Office of the Comptroller of the Currency on Oct. 29 that requires the $815 million-asset bank to address its risk management, consumer compliance and anti-money-laundering protocols.