Federal Reserve Board issues enforcement action with Joel Shumate

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 23, 2018. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition of Joel Shumate, former Senior Vice President of First Iowa State Bank, Keosauqua, Iowa, for engaging in improper practices regarding credit origination.

Other enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System