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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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Federal Reserve Section 19 letters

The Federal Reserve Board indicates it issued four “Section 19" letters during the third quarter of 2019. The letters notified individuals who have pleaded guilty to or been found guilty of a crime involving dishonesty or breach of trust that they are legally prohibited under section 19 of the Federal Deposit Insurance Act and section 205 of the National Credit Union Act from becoming or continuing as an institution-affiliated party with respect to any federally-insured financial organization (and certain other organizations) without permission.

The letters were issued to former institution-affiliated parties of:

  • American State Bank and Trust Company, Great Bend, Kansas (conviction for theft of property worth at least worth $1,500, but less than $24,999)
  • Regions Bank, Boca Raton, Florida (entered into a pretrial diversion or similar program in connection with the resolution of an indictment that charged her in connection with an “organized scheme to defraud”)
  • Alamerica Bancorp. Inc, Birmingham, Alabama (father and son who were convicted of conspiracy to commit wire fraud and of wire fraud)
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