Timothy Owen, former chief executive officer and chairman of Voyager Bank and president and CEO of Voyager Financial Services Corporation, was sentenced to 18 months’ imprisonment after pleading guilty to criminal charges emanating from his alleged obstruction of an examination by the Board of Governors of VFSC in 2009. According the US Attorneys’ office in Minnesota, after the FRB requested VFSC’s Board of Directors to review certain loans to Mr. Owens, Mr. Owens obtained the letter, did not disclose the letter to the Board and prepared a false and misleading response.