Fed: Former bank branch manager who took $27k from customer accounts is barred

January 6, 2026 The Fed 0

A former branch manager of Regions Bank, Birmingham, Ala., who allegedly took money from customer accounts is barred from any future work in federally insured financial institutions under a consent order released Tuesday by the Federal Reserve Board.

The Fed, in the Dec. 18 order, said Jason Lovell between Dec. 19, 2023, and Jan. 30, 2024, “impermissibly and without customer authorization withdrew approximately $27,000 from Bank customer accounts for his personal benefit.” It said Lovell, whose employment was terminated Feb. 13, 2024, has “at least partially” repaid the bank for its related losses.

Federal Reserve Board issues enforcement action with former employee of Regions Bank

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Fed: Former bank branch manager who took $27k from customer accounts is barred

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