Charges of misappropriation of customer funds at banks in Alabama and Montana have led to prohibitions of two former employees of the institutions, with their consent, the Federal Reserve said Thursday.
In a release, the Fed said that Ralph A. Mojica, formerly of First Interstate Bank in Billings, Mont., and Simon Alberto Gonzalez, formerly of Regions Bank in Birmingham, Ala., have consented to the prohibitions. Both faced allegations of misappropriation of customer funds. Mojica also faced allegations of embezzlement of bank funds, according to the Fed.
The Fed alleged that Gonzalez, a relationship banker at the bank’s Orlando, Fla., branch over 2023 and 2024 “impermissibly and without authorization withdrew approximately $203,000 from an elderly bank customer’s accounts for his personal benefit.”
Mojica, the Fed alleged, misappropriated $33,300 from two elderly bank customers’ accounts in 2025. He also that year, according to the regulator, embezzled $8,000 from the bank’s teller cash recycler.
The Fed claimed his actions cost the bank $41,000.
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