OCC announces March prohibition for misappropriation of funds

The Comptroller of the Currency (OCC) on Thursday announced two enforcement actions from March: one removal and prohibition order, and one termination of a previous enforcement order.

The prohibition was against Meg James, a former branch manager for Wallkill Valley Federal Savings and Loan Association, Wallkill, N.Y. The OCC said James in about April 2018 misappropriated about $5,800 from her assigned cash box. James is now barred from any future work in a federally insured financial institution, the order shows.

The OCC also said it terminated a 2019 enforcement order with United Trust Bank, Palos Heights, Ill.

OCC Enforcement Actions and Terminations