National bank regulator issues prohibition against former teller, terminates action against N.J. bank

Both a prohibition of a former bank teller from further service at a federally insured financial institution and a termination of an earlier order against a New Jersey bank were announced Thursday by the federal regulator of national banks.

The Office of the Comptroller of the Currency (OCC) said Michael J. Wilhoite II, a former teller for the JP Morgan Chase Bank, N.A., of Columbus, Ohio, had consented to a prohibition from future service at a federally insured bank, credit union or savings association after the OCC found that he had, between June and July 2017, misappropriated more than $16,000 from his teller cash drawer. The OCC said he also falsified his teller journal entries “to conceal his misconduct.”

Also Thursday, the agency announced it terminated an enforcement action against KEB Hana Bank USA, N.A., of Fort Lee, N.J., dating from 2015 (when the bank was known as BNB Hana Bank). The enforcement order addressed what OCC called “unsafe and unsound banking practices relating to capital, Board and management supervision, credit administration, earnings, and violations of law at the Bank.”

OCC Enforcement Actions and Terminations

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