Five former bank workers are now prohibited from future banking industry employment for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Federal Reserve said Thursday.
In a release, the agency said the individuals are:
- Lexus Clark and Arneita Glenn, both formerly of Ally Bank, Detroit, Mich.;
- Erica McRae, formerly of Regions Bank, Birmingham, Ala.;
- Carmen L. Peña, formerly of First Horizon Bank, Memphis, Tenn.; and
- Evelyn Batista, formerly of Merrill Lynch Wealth Management, a subsidiary of Bank of America Corporation, Charlotte, N.C.
The five prohibitions were issued on their consent in an agreement with the Federal Reserve. All five of the prohibitions also involved applications or grants for economic injury disaster loans (EIDLs) or Paycheck Protection Program (PPP) loans.