The Federal Reserve Board announced it has executed two enforcement actions in the form of consent prohibition orders against former bank employees tied to alleged misconduct involving bank and customer funds. One order was issued against Cassandra Grayson, a former employee of Equity Bank in Andover, Kansas, in connection with the embezzlement of bank funds. The second order was issued against Sandra Adams, a former employee of First State Bank of Dongola in Dongola, Illinois, in connection with the misappropriation of customer funds.
Federal Reserve Board 2026-03-13
Federal Reserve Board issues consent prohibition orders for alleged embezzlement and customer fund misappropriation at Equity Bank and First State Bank of Dongola
The Federal Reserve Board executed consent prohibition orders against two former bank employees for alleged misconduct involving funds. Cassandra Grayson of Equity Bank, Kansas, was implicated in embezzling bank funds, while Sandra Adams of First State Bank, Illinois, was involved in misappropriating customer funds.