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Former Illinois banker issued prohibition order

Hinsdale, IL
07/10/2018
Fine Amount: 
Prohibition order
Penalty Type: 
Issued by: 

The Federal Reserve Board has issued a Consent Order of Prohibition against Michelle A. Kenney, a former institution-affiliated party of Hinsdale Bank & Trust, Hinsdale, Illinois. The Order states that, between February 1, 2014, and March 1, 2015, while employed as the Chief Financial Officer of the bank, Kennedy engaged in improper accounting practices to conceal an unreconciled balance of approximately $2.7 million, constituting an unsafe or unsound banking practice by Kennedy; and the improper accounting practices by Kennedy caused a loss to the bank, and resulted in false entries in the bank’s records.

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