Photo by Angela C. BondMike CopelandHousingwire.com reports that the Office of Thrift Supervision has sent examiners to Olathe in order to determine the safety and soundness of Security Savings Bank. The money-losing thrift sought federal bank bailout money last fall, a move at odds with the right-wing political activity of its patriarch, Don Bell.The examination is a long time in coming. Governance issues emerged in 2004, when the then-president of Security Savings and the board's audit committ
​Federal regulators have taken action against a money-losing Kansas thrift controlled by Don Bell, a supporter of right-wing causes who insists that God called him to the banking business.On Friday, Bell signed a cease-and-desist order with the Office of Thrift Supervision. The order amounts to an admission that Olathe-based Security Savings Bank has been mismanaged. Bell and the bank's CEO, Olathe Mayor Michael Copeland, have agreed to the appointment of new directors amid concerns the bank e
