The Federal Reserve Board announced the execution of two enforcement actions in the form of consent prohibition orders against former bank employees tied to alleged customer-related misconduct. A consent prohibition order was issued against Jermal McGlown, a former employee of First Horizon Bank in Memphis, Tennessee, for misappropriation of customer data. A separate consent prohibition order was issued against Rahimlen Dean, a former employee of Manufacturers and Traders Trust Company in Buffalo, New York, for misappropriation of customer funds.
Federal Reserve Board 2025-09-18
Federal Reserve Board issues consent prohibition orders against former First Horizon and M&T employees over customer data and fund misappropriation
The Federal Reserve Board executed consent prohibition orders against two former bank employees for alleged customer-related misconduct. Jermal McGlown of First Horizon Bank was cited for misappropriating customer data, while Rahimlen Dean of Manufacturers and Traders Trust Company was cited for misappropriating customer funds.