OCC Announces Enforcement Actions for June 2026

The OCC released enforcement actions for June 2026, including Orders of Prohibition against two individuals: Steven Ho, former Vice President at Quontic Bank (Astoria, New York), for concealing work with unapproved mortgage brokers and falsifying loan documents, and Danny Seibel, former President and CEO of The First National Bank of Lindsay (Oklahoma), whose misconduct led to the bank’s receivership in October 2024 and a guilty plea to bank fraud. The OCC also terminated three enforcement actions, against Bank of America, N.A. (Charlotte, North Carolina), Maple City Savings Bank (Hornell, New York), and The Federal Savings Bank (Chicago, Illinois).