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Stephen Calk, founder and chief executive officer of Chicago Bancorp, stands outside the media filing center ahead of the first U.S. presidential debate at Hofstra University in Hempstead, New York, U.S., on Monday, Sept. 26, 2016. Trump and Hillary Clinton are locked in a tied two-way race for the presidency as they head into one of the most highly anticipated debates in modern politics. Photographer: Andrew Harrer/Bloomberg Stephen Calk, founder and chief executive officer of Chicago Bancorp. Photo: Andrew Harrer/Bloomberg

Stephen Calk, the CEO of Federal Savings Bank of Chicago and a economic adviser to Donald Trump during his 2016 presidential campaign, was charged with institutional bribery by federal authorities in Manhattan on Thursday, for allegedly extending $16 million in loans to former Trump campaign chairman Paul Manafort.

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Colby Hamilton

B. Colby Hamilton is a litigation reporter for the New York Law Journal and Law.com.

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