The Federal Reserve Board on Tuesday announced the issuance of consent Civil Money Penalty Orders against MyAnns Corporation and G. Larry Curry, a former director and institution-affiliated party of MyAnns Corporation, Piqua, Kansas, a registered bank holding company. The Orders require civil money penalty payments of $37,500 and $7,500 respectively.
MyAnns and Mr. Curry, without admitting to any allegations, consented to the issuance of the Orders based on allegations that without prior consent of the Board of Governors, Mr. Curry served as a director of MyAnns from at least 2006 until 2010, in violation of the prohibition of section 19 of the Federal Deposit Insurance Act, which is applicable to Mr. Curry because of a prior criminal conviction. In addition, MyAnns submitted allegedly false FR Y-6 Reports that did not disclose that Mr. Curry was a member of its board of directors for each of the years 2006-2009.
A copy of the Order is attached.
