Federal Reserve Board issues enforcement action with employee of First Savings Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 20, 2020. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent cease and desist order against Weldon Riggs, an employee of First Savings Bank, Jeffersonville, Indiana, for engaging in unsafe and unsound practices while supervising a loan production office.

Additional enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System