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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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OCC announces February enforcement actions

The OCC has released a list of new enforcement actions taken against OCC-supervised institutions and individuals currently and formerly affiliated with such institutions. Included were a Cease and Desist Order with USAA Federal Savings Bank, San Antonio, Texas, and three removal/ prohibition orders issued to:

  • a former teller of First National Bank & Trust Co., Williston, North Dakota, found to have embezzled $40,000 from the bank (by removing cash for her personal use from the bank's ATM cassettes as she counted and filled them while alone in the bank's vault)
  • a former vice president and trust officer of BOKF, N.A., Tulsa, Oklahoma, found to have breached his fiduciary duty to the bank by distributing funds from a trust of a minor beneficiary in violation of the trust agreement and bank policy. The order also imposed a $20,000 civil money penalty.
  • a former phone banker at Wells Fargo Bank, N.A., Sioux Falls, South Dakota, found to have misappropriated at least 21 customers’ account information and transferred the information to a third party who made unauthorized charges on those accounts, resulting in a loss to the bank of approximately $5,400.
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