Release Date: April 30, 2007
For immediate release
The Federal Reserve Board on Monday announced the issuance of an Order of Prohibition against Cheryl McMillan, a former cashier and institution-affiliated party of the Bank of Durango, Durango, Colorado.
Ms. McMillan, 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 an alleged embezzlement from the Bank.
A copy of the Order is attached.