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Former banker order to pay $40K restitution to FDIC

Moline, IL
Fine Amount: 
$40,000 restitution
Penalty Type: 
Issued by: 

The FDIC has issued an order of restitution to Larry C. Henson, former institution-affiliated party of Valley Bank, Moline, Illinois (in receivership), having found that he violated laws, regulations, or a consent order to Valley Bank, relating to statutory lending limits and restrictions on loans to borrowers classified as "substandard," and that under 12 U.S.C. § 1818(b), Henson should be required to make restitution to the FDIC as receiver for the bank.

Henson previously consented to an Order of Prohibition in 2016.

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