Release Date: March 5, 2008
For immediate release
The Federal Reserve Board on Wednesday announced the issuance of a Consent Order of Prohibition against Russell K. Henry, a former employee and institution-affiliated party of the former FNB Southeast.
Mr. Henry, without admitting to any allegations, consented to the issuance of the Order, which was based on his alleged participation in violations of law, unsafe and unsound banking practices, and breaches of fiduciary duty in connection with the making of at least $786,694.89 in unsecured loans to his elderly mother.
A copy of the Order is attached.