Five January enforcement actions released Thursday by the Office of the Comptroller included two prohibitions from future service in any insured financial institution and the assessment of a $193,105.50 civil money penalty against a bank over violations of federal flood insurance requirements.
The civil money penalty was assessed against The Federal Savings Bank, Chicago, Ill., which the OCC cited for a pattern or practice of violation of the Flood Disaster Protection Act and its implementing regulations.
In the prohibition orders, the OCC found that:
- Jaime Cowles, former banking center manager for Webster Bank, N.A. Waterbury, Conn., between December 2016 and October 2017 withdrew more than $70,000 from a bank customer’s accounts for her personal benefit, without the customer’s knowledge or authorization;
- Sarah L. Luther, former store manager for Wells Fargo Bank, N.A. Sioux Falls, S.D., from February to May 2016 misappropriated bank customers’ confidential information and sold it to a third party. Luther received at least $8,000 for this information and the bank suffered a loss in excess of $300,000.