The Federal Reserve Board on Thursday, September 24, 2026, announced an enforcement action against a former employee of Sandy Spring Bank, issuing a consent prohibition linked to embezzlement by a bank employee.

The announcement was made in a press release published at 11:00 a.m. EDT. According to the release, the central bank executed a consent prohibition against Renee Nicole Brown, identified as a former employee of Sandy Spring Bank. The order cites embezzlement by a bank employee as the grounds for the action. Embezzlement generally refers to the theft or misappropriation of money or property entrusted to someone's care.

Prohibition orders are a standard enforcement tool used by federal banking regulators. Under federal banking law, a prohibition generally bars the individual from participating in the conduct of the affairs of any insured depository institution, bank holding company, or related organization without prior regulatory approval. In practical terms, the bar extends across the banking industry rather than being confined to a single former employer. Orders designated as consent actions are resolved by agreement with the individual concerned.

The Federal Reserve said additional enforcement actions can be searched through its enforcement actions database. The board publishes such actions on its website as part of its supervisory and enforcement responsibilities.

For media inquiries, the board directed reporters to its media relations office by email or by telephone at 202-452-2955.

The full text of the order, which sets out the specific terms of the prohibition, is available as a PDF attachment on the Federal Reserve's website.