Press Release

October 19, 2015 Federal Reserve Board bars Thomas A. Neely, Jr., from participating in affairs of any insured depository institution and orders him to pay civil penalty For release at 2:00 p.m. EDT Share The Federal Reserve Board on Monday barred Thomas A. Neely, Jr., former Executive Vice-President and Business Services Credit Executive of Regions Bank, Birmingham, Alabama, from participating in the affairs of any insured depository institution and ordered him to pay a civil penalty of $100,000 to settle administrative charges he breached his fiduciary duties. The issuance of a consent order of prohibition and assessment of a civil money penalty resolves administrative charge brought by the Federal Reserve Board in June 2014 . Those charges alleged that Mr. Neely had engaged in violations of law, unsafe and unsound banking practices, and breaches of his fiduciary duties in connection with his role in Regions Bank's improper reporting of nonaccrual loans in the first quarter of 2009, and by providing misleading information to federal and state bank examiners. Attachment (PDF) For media inquiries, call 202-452-2955. Related Content Board Votes

Federal Reserve (2015, October 18). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20151019_federal_reserve_board_bars_thomas_a_neely_jr_from

@misc{wtfs_press_release_20151019_federal_reserve_board_bars_thomas_a_neely_jr_from,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2015},
  month = {Oct},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20151019_federal_reserve_board_bars_thomas_a_neely_jr_from},
  note = {Retrieved via When the Fed Speaks corpus}
}