people’s united

Report: People’s United shakeup in Hauppauge

People’s United senior vice president Linda Rhoads and two associates have departed the bank following an audit that uncovered “internal fraud” at its Hauppauge branch, the Commercial Observer is reporting. Rhoads and her associates, who were not named, came under surveillance this spring for changing the terms of commercial real estate loans, including extension options and interest-only payment periods, without the necessary credit approval from the bank, the news site said, citing two unnamed sources….