The Office of the Comptroller of the Currency (OCC) published its public enforcement actions for September 2025, reporting no new enforcement actions against national banks or federal savings associations. The release instead covers five Orders of Prohibition against institution-affiliated parties and two actions terminating previously issued Cease and Desist Orders. The prohibition orders bar Armando De Leon (former TD Bank store manager) and Gerald E. Milligan II (former PNC Bank teller) based on uncontested allegations involving fraudulent Paycheck Protection Program loan applications and personal use of PPP proceeds exceeding USD 80,000 and USD 141,530, respectively. The OCC also prohibited Carolyn H. Hicks (former Wells Fargo bank operations assistant manager) for misappropriating about USD 25,000 from a bank ATM, Charron Meadows (former TD Bank team manager) for misappropriating at least USD 150,000, and Walther Riano-Vanegas (former Wells Fargo teller) for stealing USD 15,670 from two branch ATMs. Separately, the OCC terminated a 2020 cease and desist order against Gateway Bank, F.S.B. that addressed governance, audit, credit administration, consumer compliance management, and Bank Secrecy Act/anti-money laundering program issues, and a 2023 cease and desist order against Vast Bank, N.A. that addressed areas including capital and strategic planning, liquidity and interest rate risk management, information technology controls, and custody account controls.
Office of the Comptroller of the Currency 2025-09-18
Office of the Comptroller of the Currency issues five prohibition orders and terminates two cease and desist orders in September 2025
The Office of the Comptroller of the Currency (OCC) reported no new enforcement actions against national banks or federal savings associations for September 2025. The OCC issued five Orders of Prohibition against former bank employees for fraudulent activities and terminated two previous Cease and Desist Orders against Gateway Bank, F.S.B. and Vast Bank, N.A.