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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: April 3, 2007

For immediate release

The Federal Reserve Board on Tuesday announced the issuance of an Order of Prohibition against Tracy Schroeder, a former branch manager and institution-affiliated party of First Interstate Bank, Bozeman, Montana.

Ms. Schroeder, without admitting to any allegations, consented to the issuance of the Order due to her alleged participation in violations of law, unsafe and unsound banking practices, and breaches of fiduciary duty to the Bank and its customers in connection with her alleged embezzlement of $34,632 from the Bank and falsification of the Bank’s books and records.

A copy of the Order is attached.

Attachment (115 KB PDF)

 
Last update: April 3, 2007