G. Kennedy Thompson of court a case in which it allegedly laundered over $378 billion in cash and traveler's checks from Mexican drug cartels in the years 2004 - 2006, during Thompson's tenure as CEO. Terms of the settlement included a $110 million forfeiture and a $50 million fine. Thompson was pushed out of Wachovia Bank (WB) on June 2, 2008, as head of the nation’s fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market. Thompson will not receive any incentive pay for the 2008 fiscal year, but according to a filing with the
Credit One Bank owned by Credit One Bank include CREDIT ONE (Registration Number 330342) granted on October 2, 2007, and CREDIT ONE FINANCIAL (Registration Number 3330575) granted on November 6, 2007. Credit One Bank first got involved with sponsorship with Chip Ganassi Racing in 2016 when Jamie McMurray sported a Credit One Bank number 1 car for 2 races in 2016. The next year, the sponsor shifted to Kyle Larson who sported the car in eight Monster Energy Cup events and two NASCAR Xfinity Series events. After Target’s departure from NASCAR after 2017, Credit One Bank became Larson’s primary sponsor starting the following