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Former banker fined for misuse of customer info and false statements

Enid, OK
01/08/2018
Fine Amount: 
$5,000
Penalty Type: 
Issued by: 

The OCC issued a consent order to cease and desist and for a civil money penalty of $5,000 to Joshua Means, former market president, Central National Bank and Trust Company of Enid, Enid, Oklahoma ("Bank"). The OCC found that:

  • During the period from April 2014 to June 16, 2014, [Means] removed information from the bank related to at least three customers with the intent to use that information at a financial institution with whom [Means] was engaged in negotiations regarding future employment. This customer information included nonpublic personal information such as tax returns, financial statements, and other documents. [Means] was aware that the Bank’s Standards of Conduct policy required him to maintain the confidentiality of nonpublic Bank information and prohibited him from using it for the advancement of his personal interests.
  • During the period from April 2014 to June 16, 2014, [Means] solicited the loan business of at least six Bank customers to a financial institution with whom Respondent was engaged in negotiations regarding future employment.
  • On February 9, 2017, [Means] made materially false statements to the OCC regarding his solicitation of Bank customers’ loan business to another financial institution and his removal of confidential customer information from the Bank.
  • By reason of the foregoing conduct, [Means] recklessly engaged in unsafe or unsound practices, committed violations of law and regulation, and breached his fiduciary duty to the Bank; which practices, violations, and breaches were part of a pattern of misconduct and caused or were likely to cause more than a minimal loss to the Bank.

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