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Eastern Iowa bankers fined $50K for taking customer information from F&M Bank

Published: January 18, 2024

The Federal Reserve has fined three Eastern Iowa bankers for taking confidential information from Farmers & Merchants Savings Bank in Manchester when they left in 2021 to recruit customers to their new financial institutions, a recent order states.

Source: thegazette.com

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Linn CountyUnited StatesCedar RapidsJeffrey HinesRandy JohnsonFarmers Merchants Savings BankFederal ReserveA Collins Community Credit UnionCollins Community Credit UnionGazettefm BankFm BankEastern IowaMerchants Savings BankChad Kellogg

Fed bans ex-banker, fines 3 others over data handling

Published: January 16, 2024

Banking news

Source: bankingdive.com

Related Topics:

United StatesJeff HinesRandy JohnsonCedar Collins Community Credit UnionMerchants Savings BankFederal Reserve BoardWyoming Based BankJackson HoleIowa Based FarmersMerchants SavingsChad KelloggCedar Rapids Based Collins Community Credit UnionRegulations Amp PolicyRegulations Policy