Fed bars two former bank employees and lifts nine-year-old BNP Paribas order
A run of Federal Reserve enforcement announcements from late June to the end of July 2026 covered consent bans over misappropriated customer funds, a written agreement with an Iowa holding company and the termination of a 2017 order against BNP Paribas.
The Federal Reserve Board announced on July 30, 2026 that it had permanently barred two former bank employees from the banking industry through consent orders of prohibition, according to press releases from the Board. Simon Alberto Gonzalez, a former employee of Regions Bank in Birmingham, Alabama, was barred in connection with the misappropriation of customer funds. Ralph A. Mojica, a former employee of First Interstate Bank in Billings, Montana, was barred over the misappropriation of customer funds and the embezzlement of bank funds.
Also on July 30, the Board announced an enforcement action involving Iuka Bancshares, Inc. and The Iuka State Bank. On July 16 it announced an action against a former chief lending officer of Heritage State Bank.
On July 9 the Board announced a written agreement, dated July 6, 2026, with TS Banking Group, Inc. and TS Contrarian Bancshares, Inc., both of Treynor, Iowa.
The Board also announced on July 2 an enforcement action involving Small Business Bank, together with two terminations. The cease-and-desist order issued on July 17, 2017 against BNP Paribas S.A. of Paris, BNP Paribas USA, Inc. of New York and BNP Paribas Securities Corp. of New York was terminated effective June 25, 2026. A cease-and-desist order issued on April 14, 2026 against Community Bankshares, Inc. of LaGrange, Georgia was terminated on the same date.
Earlier, on June 25, the Board announced a consent cease-and-desist order against Jason Burns, president and a director of Bank of Eufaula in Eufaula, Oklahoma, and a director of S N B Bancshares, Inc., over unsafe and unsound lending practices, according to the Board.