A Fresno, Calif., bank has settled with an oil production firm after fraudulent Ukrainian wire transfers stole more than $200,000 from the oil firm’s accounts.

United Security Bank and TRC Operation Co. Inc. settled for $350,000 earlier this week, according to The Business Journal. In 2011, 12 unauthorized wire transfers, worth more than $3.45 million, were processed through TRC’s bank accounts. Although United Security Bank recovered all but $299,600, TRC maintained that the bank was responsible for this remaining amount.

TRC filed a lawsuit in May 2012 that was set to go to trial this week.

In trial, the bank could have been ruled to pay for the remaining stolen money, in addition to interest.