Skip to content

NC banker prohibited and assessed $35K penalty

Oxford, NC
02/01/2018
Fine Amount: 
$35,000
Penalty Type: 
Issued by: 

The FDIC has issued Stipulated Orders for removal and prohibition and assessment of a $35,000 civil money penalty to Donald C. Lancaster, a former institution-affiliated party of Union Bank & Trust Company, Oxford, North Carolina.

The FDIC determined that, while vice president and chief banking officer of the bank, Lancaster made a loan of $105,126 to a nominee borrower and, without authority, released the nominee from liability on the loan, resulting in a loss to the bank of $105,087. The Order prohibits Lancaster from participating in any manner in the conduct of the affairs of any financial institution or certain other organizations. It also assesses the $35,000 CMP.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Penalties