Federal Reserve Board Issues Consent Prohibition Orders Against Former Employees of Regions Bank and First Interstate Bank
Key Takeaways
- •The Federal Reserve Board executed two consent prohibition orders on July 30, 2026, against former bank employees for misconduct involving customer and institutional funds.
- •Simon Alberto Gonzalez, a former Regions Bank employee in Birmingham, Alabama, received a consent prohibition order related to the misappropriation of customer funds.
- •Ralph A. Mojica, previously employed at First Interstate Bank in Billings, Montana, was sanctioned for both misappropriating customer funds and embezzling bank funds.
- •Consent prohibition orders permanently bar the named individuals from holding any position or performing any function at a federally insured depository institution without prior regulatory approval.
- •The orders were issued with the individuals' consent and do not constitute an admission or denial of the Federal Reserve's factual findings.
The Federal Reserve Board announced on July 30, 2026, the execution of two consent prohibition orders against former bank employees for misconduct involving customer and institutional funds.
Simon Alberto Gonzalez, a former employee of Regions Bank in Birmingham, Alabama, was the subject of a consent prohibition order related to the misappropriation of customer funds. Regions Bank, a subsidiary of Regions Financial Corporation, is among the largest regional banks in the southeastern United States.
Ralph A. Mojica, a former employee of First Interstate Bank in Billings, Montana, received a consent prohibition order involving both the misappropriation of customer funds and the embezzlement of bank funds. First Interstate Bank, a subsidiary of First Interstate BancSystem, operates across multiple western and mountain states.
Consent prohibition orders are formal enforcement actions that permanently bar the named individuals from participating in the affairs of any federally insured depository institution or related organization. This means the individuals are prohibited from holding any position or performing any function for an insured depository institution without prior regulatory approval. These orders are issued with the consent of the individual and do not constitute an admission or denial of factual findings.
The Federal Reserve Board possesses statutory authority to take enforcement actions against institutions it supervises and their affiliated parties, including officers, directors, and employees, when violations of law, unsafe banking practices, or breaches of fiduciary duty are identified. Individual enforcement actions such as these are distinct from actions taken against institutions themselves, which can include civil money penalties, cease-and-desist orders, or restrictions on activities.
The full text of each order is available in the attached documents: Attachment 1 (PDF) and Attachment 2 (PDF).
Additional enforcement actions taken by the Federal Reserve can be searched via the Board's enforcement actions database.
For media inquiries, the Federal Reserve Board can be contacted at 202-452-2955.