Charles Antonucci resigned last year as president of the Park Avenue Bank. The bank is headquartered in Manhattan with four retail branches in Manhattan and Brooklyn. Park Avenue Bank had total assets of $520.1 million and total deposits of $494.5 million as of the end of 2009. Antonucci, 59, was president of the bank from June 2004 to October 2009 and the alleged offenses occurred between October 2008 and February 2009, according to the court document.

Te former president and chief executive of Park Avenue Bank Antonucci allegedly made false statements and committed mail fraud in connection with an application by the bank for more than $11 million in TARP funds in 2008, using his purported $6.5 million investment as part of the basis for the application. The bank itself was closed by New York state banking regulators on Friday and its branches were expected to reopen Monday as branches of Valley National Bank.