Release Date: September 29, 2008
For immediate release
The Federal Reserve Board on Monday announced the issuance of a Consent Order of Prohibition against Donald W. Linville, a former senior vice president for commercial real estate lending, and institution-affiliated party of Compass Bank, Birmingham, Alabama.
Mr. Linville, 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 including alteration of appraisals, loan applications and guaranty records in the Bank's files, which allegedly caused a substantial loss to the Bank in connection with his activities as a loan officer of the Bank.
A copy of the Order is attached.