Release Date: October 2, 2008
For immediate release
The Federal Reserve Board on Thursday announced the issuance of a Consent Order of Prohibition against John H. Lohmeier, a former Senior Vice-President, trust officer and institution-affiliated party of Hinsbrook Bank & Trust, Oakbrook, Illinois.
Mr. Lohmeier, without admitting to any allegations, consented to the issuance of the Order based on his alleged participation in unsafe and unsound banking practices, breaches of fiduciary duty and violations of law, including section 502 of the Gramm-Leach-Bliley Act, 15 U.S.C. § 6802, the Board of Governors' Regulation P, 12 C.F.R. § 216.10, and 18 U.S.C. § 656, in connection with Lohmeier's alleged use of bank funds and non-public customer information from a bank computer server to start-up his own non-depository trust company.
A copy of the Order is attached.