Press Release

November 21, 2024 Federal Reserve Board issues enforcement action with former chief executive officer of Heartland Tri-State Bank For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced that it had prohibited Shan Hanes from future participation in the banking industry. Hanes is the former chief executive officer of Heartland Tri-State Bank and used his position to embezzle $47.1 million of bank funds in a cryptocurrency scheme that led to the bank becoming insolvent and failing in July 2023. For media inquiries, please email [email protected] or call 202-452-2955. Attachment (PDF)

Federal Reserve (2024, November 20). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20241121_federal_reserve_board_issues_enforcement_action

@misc{wtfs_press_release_20241121_federal_reserve_board_issues_enforcement_action,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2024},
  month = {Nov},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20241121_federal_reserve_board_issues_enforcement_action},
  note = {Retrieved via When the Fed Speaks corpus}
}