Skip to content

Former director fined for conflict of interest violation

Walden, NY
Fine Amount: 
Penalty Type: 
Issued by: 

The OCC has assesses a $5,000 civil money penalty on Gerald N. Jacobowitz, former director of Hometown Bank of the Hudson Valley, Walden, NY. The OCC found, and Jacobowitz neithr admits nor denies, that, between at least 2013 and May 2014, and while a director on the bank’s board of directors and a member of the board’s Loan Workout Committee (“LWC”), he violated 12 C.F.R. § 163.200 (Conflicts of interest) with regard to certain Board and/or LWC meetings.

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