FDIC announces 11 enforcements from March, including 4 prohibitions

Four consent orders barring former bank employees from any future work in insured financial institutions are among the enforcement actions announced Friday by the Federal Deposit Insurance Corp. (FDIC).

The FDIC orders state, among other things, that:

  • Aleia Kadar, while a branch manager of SunTrust Bank, Atlanta, Ga., (now known as Truist Bank, Charlotte, N.C.), between April 23, 2019, and May 29, 2019, used her position at the bank to open business bank accounts designed to receive proceeds of fraudulent activity and accepted bribes to open the accounts.
  • Wesley K. Oden, while a branch manager of River Bank & Trust, Prattville, Ala., between Dec. 10, 2018, and Sept. 23, 2019, conducted 68 transactions to transfer unauthorized funds totaling $65,045.25 from an account belonging to one customer to a pass-through demand deposit account (DDA) belonging to another customer; and executed an additional 35 transactions to transfer the funds to his personal DDA.
  • Jennifer F. Hughes, while an operations service supervisor at First-Citizens Bank & Trust Company, Raleigh, N.C., between Sept. 30, 2017, and March 3, 2019, negotiated 23 checks drawn on a closed account at another bank and cleared the checks by taking money from her teller drawer. The FDIC said Hughes’ (admitted) misconduct resulted in bank loss and personal gain of $78,837.
  • Tanesha D. Blanks, while a call center customer service specialist at Columbia State Bank Tacoma, Wash., between May and November 2019 made unauthorized fund transfers from a deceased customer’s account and deposited them into a joint checking account owned by her and her spouse.

The FDIC said it also in March issued three orders terminating deposit insurance, two consent cease-and-desist orders, one order to pay civil money penalty ($2,750, over violations of federal flood insurance requirements), and one order terminating a consent order.

FDIC Makes Public March Enforcement Actions