OCC enforcements in May, June included prohibitions, one money penalty

A notice of prohibition, four consent prohibition orders and an $18,000 civil money penalty (CMP) assessment were executed in May and early June by the Office of the Comptroller of the Currency (OCC), according to documents disclosed Thursday by the bank regulator.

Orders for prohibition and the $18,000 CMP were issued May 13 on Walter Cox Jr., former president and director of The Morris County National Bank (merged) of Naples, Texas. The OCC consent order states that while employed at the bank, Cox from 2015 to 2018 caused some 26 withdrawals totaling approximately $250,000 from the bank’s loans-in-process (LIP) suspense account and used the funds for his own benefit. It states the Cox used LIP “as an interest-free line of credit, which he periodically repaid.”

Other enforcement actions noted were:

  • a notice of charges for prohibition against Addisha Jackson, a former customer service specialist at JPMorgan Chase Bank, N.A., Columbus, Ohio, who the OCC said provided debit and credit card information from 19 accounts to another individual in connection with that person’s scheme to order and sell goods using stolen debit and credit card information, at times assisted by placing unauthorized orders online, and causing the bank $12,900 in losses;
  • a consent prohibition against Catherine Eyman, former vice president of information technology of Bradford National Bank of Greenville, Greenville, Ill., for allegedly misapplying $70,658 in bank funds by transferring funds to accounts she owned and making false entries in the bank’s books to prevent discovery;
  • a consent prohibition against Nicholas Zara, former operations manager of Bank of America, N.A., Charlotte, N.C., for allegedly using the bank’s acquisition processes to make more than $420,000 worth of purchases without the bank’s knowledge or authorization – structuring them to avoid manager approval requirements or notice – and causing bank losses equal to that amount; and
  • a consent prohibition against Cynthia Denise Jenkins, a former teller at JPMorgan Chase Bank, N.A., Columbus, Ohio, for allegedly misappropriating $6,000 in cash from the cash drawer assigned to her, force-balancing her drawer so that her cash drawer appeared in balance, and depositing a portion of the cash into her personal checking account.

OCC Enforcement Actions and Terminations