Fed prohibits 2 from future involvement in insured financial institutions

The Federal Reserve Board Tuesday cited misappropriation of customer funds in announcing its prohibitions of two former bank employees, one from Gateway Bank (Rison, Ark.) and the other from SunTrust Bank (Atlanta), from participation in the affairs of any federally insured financial institution:

  • According to a March 1 consent order, Jessica Shirey, a former teller at Gateway Bank, over a period of about two years misappropriated $49,485 from a  bank customer’s account for her personal benefit, causing a loss to the bank in the same amount.
  • According to a Feb. 26 consent order, Jeremy Boles, a former teller coordinator at the Hillsborough Square Branch (Tampa, Fla.) of SunTrust Bank, over about a year misappropriated funds from a bank customer’s account for his personal benefit. The order states that Boles disclosed his conduct and paid full restitution in May 2017.

Federal Reserve Board issues enforcement actions with former employee of Gateway Bank and former employee of SunTrust Bank

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