Federal Reserve Board issues enforcement action with former employee of Southern Bancorp Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 17, 2019. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent prohibition against Michael Joseph Erickson, former employee of Southern Bancorp Bank, Arkadelphia, Arkansas, for embezzling bank funds for his own benefit.

Additional enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System