May 05, 2020

Federal Reserve Board issues enforcement action with former employee of Whitaker Bank, Inc. and announces termination of enforcement actions with Crown Bankshares, Inc. and First Bankshares, Inc.

For release at 11:00 a.m. EDT

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Prohibition and cease and desist order against Thomas P. Hinkebein, former President of Whitaker Bank, Inc., Lexington, Kentucky, for misappropriating bank property and funds.

The Board also announced the termination of the enforcement actions listed below:

Crown Bankshares, Inc., Edina, Minnesota
Written Agreement, dated June 22, 2012
Terminated April 29, 2020

First Bankshares, Inc., Barboursville, West Virginia
Written Agreement dated August 8, 2016
Terminated April 30, 2020

Additional enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Last Update: May 05, 2020