Fed Bars Two Former Bank Employees Over Misused Customer Funds
The Federal Reserve Board on Thursday, July 30, 2026, issued consent prohibition orders against two former bank employees, permanently barring them from working in the banking industry after findings tied to misused customer and bank funds.
The orders name Simon Alberto Gonzalez, a former employee of Regions Bank in Birmingham, Alabama, and Ralph A. Mojica, a former employee of First Interstate Bank in Billings, Montana. According to the Federal Reserve’s press release, Gonzalez’s order relates to misappropriation of customer funds. Mojica’s order cites misappropriation of customer funds and embezzlement of bank funds.
What a Prohibition Order Actually Does
A consent prohibition order issued by the Federal Reserve Board removes a person from the banking industry. The Board’s release does not detail specific dollar amounts, account numbers, or the time period over which the alleged misconduct occurred, so those details cannot be confirmed from this document. The release does confirm that both actions are “consent” orders, meaning the individuals agreed to the orders rather than the matter proceeding through separate contested proceedings, based on the wording in the Federal Reserve’s announcement.
Who Is Affected
The direct parties are the two former employees named in the release. Customers of Regions Bank in Birmingham, Alabama, and First Interstate Bank in Billings, Montana, are the institutions where the conduct reportedly occurred, according to the release. The Federal Reserve’s announcement does not name any specific customer accounts affected, nor does it state a total dollar figure tied to either matter. Readers who bank with either institution will not find account-specific information in this release; it addresses the status of the two former employees only.
Why the Fed Publishes These Actions
The Federal Reserve Board routinely publishes enforcement actions, including prohibition orders, as part of its supervisory role over banks and their employees. This particular release is one instance in that ongoing practice. The release itself notes that “additional enforcement actions can be searched for” through the Board’s site, indicating this is part of a broader, continuing set of disclosures rather than an isolated case.
The release also includes two attachments, listed as Attachment 1 and Attachment 2, in PDF format, which presumably contain the full text of each consent order. The press release text provided does not include the contents of those attachments, so specifics beyond what is summarized above are not available from the source reviewed for this article.
What Bank Customers Can Check
Anyone who held or currently holds accounts at Regions Bank, particularly the Birmingham, Alabama location, or First Interstate Bank, particularly the Billings, Montana location, and who has concerns about account activity can review their own statements and contact their bank directly with questions about specific transactions. The Federal Reserve’s release does not identify a customer notification process or claims process tied to these two orders. For those seeking the full legal record, the Federal Reserve Board maintains a search function for enforcement actions, referenced directly in the release, where the full attachments to this specific action, along with other enforcement matters, can be located.
Where to Verify the Details
Original source documents remain the most reliable way to confirm details of any federal enforcement action. The full press release, including links to both PDF attachments, is available directly from the Federal Reserve Board at federalreserve.gov. Media inquiries related to the release can be directed to the Federal Reserve’s public affairs office by email or by calling 202-452-2955, per contact information listed in the release.
Readers with accounts at either named institution and questions about specific past transactions can request account histories directly from their bank’s customer service line and compare them against personal financial records, rather than relying on the enforcement release alone, since it does not contain account-level detail.
This is a News-lane report. It was drafted automatically from the linked primary source and published after automated checks that every figure appears in that source. It is summarised regulatory news, not evergreen guidance and not financial advice. See our AI content disclosure and disclaimer.
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