Press Release

March 22, 2018 Federal Reserve Board seeks to permanently bar former employee of Frost Bank from employment in banking industry For release at 2:30 p.m. EDT Share The Federal Reserve Board on Thursday announced that it is seeking to permanently bar Raysol Villalobos (a/k/a Ray Galvan), a former employee of Frost Bank, San Antonio, Texas, from employment in the banking industry and to impose a $9,819 fine on him and require him to pay $35,000 in restitution to Frost Bank. Villalobos, a former personal banker at Frost Bank, is alleged to have misappropriated approximately $30,000 from a bank customer's safe deposit box. The Federal Reserve Board's enforcement action alleges that Villalobos' conduct constituted violations of law and unsafe or unsound banking practices. For media inquiries, call 202-452-2955 Attachment (PDF) Related Content Board Votes

Federal Reserve (2018, March 21). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20180322_federal_reserve_board_seeks_to_permanently_bar

@misc{wtfs_press_release_20180322_federal_reserve_board_seeks_to_permanently_bar,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2018},
  month = {Mar},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20180322_federal_reserve_board_seeks_to_permanently_bar},
  note = {Retrieved via When the Fed Speaks corpus}
}