Exec of failed Bridgeport bank pleads guilty in fraud case that ensnared ex-Ald. Patrick Daley Thompson

Washington Federal Bank for Savings, 2869 S. Archer Ave., before it was shut down in December 2017 for “unsafe or unsound practices” days after its president John F. Gembara was found dead at a bank customer’s home in what authorities called a suicide. (Google Street View)

The chief financial officer who helped loot millions of dollars from Washington Federal Bank for Savings pleaded guilty Monday in federal court in Chicago for her role in a massive fraud scheme that led to the government-ordered shutdown of the clout-heavy Bridgeport bank.

Rosalie Corvite, 46, could face five years in prison for falsifying bank records.