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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: June 19, 2007

For immediate release

The Federal Reserve Board on Tuesday announced the issuance of a consent Order of Prohibition against Joy McClard, previously an employee of the former Cumberland Bank, Franklin, Tennessee.

Ms. McClard, without admitting to any allegations, consented to the issuance of the Order, which was based on her alleged participation in the embezzlement of funds from the bank and falsification of the bank's books and records.

A copy of the Order is attached.

Attachment (141 KB PDF)

Last update: June 19, 2007