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The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against individuals currently and formerly affiliated with banks the OCC supervises.
The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against banks are:
- Cease and Desist Order against Eastern National Bank, Miami, Florida, for unsafe or unsound practices, including those related to strategic and capital planning, earnings, and board and management supervision. (Docket No. AA-EC-2025-04). The OCC also terminated the bank’s cease and desist order dated November 19, 2020 (AA-EC-2020-46), which was superseded by the newly issued cease and desist order. (Docket No. AA-EC-2025-10)
- Cease and Desist Order against EH National Bank, Beverly Hills, California, for unsafe or unsound practices, including those related to management and board supervision, strategic and capital planning, liquidity risk, interest rate risk, and concentration risk. (Docket No. AA-WE-2025-20). The OCC also terminated the formal agreement with the bank dated October 11, 2023 (AA-WE-2023-37), which was replaced and superseded by the cease and desist order. (Docket No. AA-EC-2025-26)
The OCC uses enforcement actions against an institution-affiliated party (IAP) to deter, encourage correction of, or prevent violations, unsafe or unsound practices, or breaches of fiduciary duty. Enforcement actions against IAPs reinforce the accountability of individuals for their conduct regarding the affairs of a bank. The term “institution-affiliated party,” or IAP, is defined in 12 USC 1813(u) and includes bank directors, officers, employees, and controlling shareholders. Orders of Prohibition prohibit an individual from any participation in the affairs of a bank or other institution as defined in 12 USC 1818(e)(7). Actions taken against IAPs are:
- Order for $100,000 Civil Money Penalty and Personal Cease-and-Desist Order against David Julian, former Chief Auditor of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, in connection with the bank’s longstanding systemic sales practices misconduct problem. Refer to OCC News Release 2025-37. (Docket No. AA-EC-2019-71)
- Order of Prohibition against Edward Langton, former Chief Executive Office and Chairman of the Board of Grand Bank for Savings, Federal Savings Bank, Hattiesburg, Mississippi, for violating conflict of interest requirements, engaging in unsafe or unsound practices, and breaching his fiduciary duty when he received a personal commission of $120,000 for serving as a broker on a real estate transaction for the bank despite being directed not to do so. (Docket No. AA-SO-2025-16)
- Order for $50,000 Civil Money Penalty and Personal Cease-and-Desist Order against Paul McLinko, former Executive Audit Director of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, in connection with the bank’s longstanding systemic sales practices misconduct problem. Refer to OCC News Release 2025-37. (Docket No. AA-EC-2019-72)
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All OCC public enforcement actions taken since August 1989 are available for download by viewing the searchable enforcement actions database at https://apps.occ.gov/EASearch.
