Federal Reserve Board Issues Enforcement Action With Former Bank Employee

…Announces Termination Of Enforcement Actions Others

Federal reserve building, the headquater of Federal reserve bank. Washington DC, USA.

By Emmanuel Oluebube

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Prohibition and cease and desist order against Thomas P. Hinkebein, former President of Whitaker Bank, Inc., Lexington, Kentucky, for misappropriating bank property and funds.

The Board also announced the termination of the enforcement actions listed below:

Crown Bankshares, Inc., Edina, Minnesota

Written Agreement, dated June 22, 2012

Terminated April 29, 2020

First Bankshares, Inc., Barboursville, West Virginia

Written Agreement dated August 8, 2016

Terminated April 30, 2020

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