March 05, 2008

Order of prohibition against Russell K. Henry

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.

Last Update: March 05, 2008