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Recent Decisions

The following orders are matters of public record and are posted for informational purposes only. Decisions by OFIA judges do not constitute binding authority. Orders marked with an asterisk pertain to matters that are still ongoing, and the conclusions expressed in those orders remain subject to modification or limitation by the reviewing agency. To the extent that an order subsequently is modified, limited, adopted, or reversed by the agency, the order will be denoted as such. The agency’s public decision that is final and binding will be linked on this page once it is available.

Decisions organized by the year of the decision and the case name of each proceeding.

2022  | 2021  |  2020 

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2022 Decisions

Agency Case Number(s) Case Name OFIA Decision Agency Decision
OCC AA‑EC‑2019‑82;
AA‑EC‑2019‑81;
AA‑EC‑2019‑70;
AA‑EC‑2019‑71;
AA‑EC‑2019‑72
Carrie Tolstedt, Former Head of the Community Bank, Claudia Russ Anderson, Former Community Bank Group Risk Officer, James Strother, Former General Counsel, David Julian, Former Chief Auditor, Paul McLinko, Former Executive Audit Director Wells Fargo Bank, N.A. Sioux Falls, South Dakota *Report and Recommendation - Executive Summary Icon PDF
FDIC 14‑0307e;
14‑0308k
Cornelius Campbell Burgess, Individually and as an Institution-Affiliated Party of Herring Bank, Amarillo, Texas *Recommended Decision Icon PDF
OCC AA‑EC‑2017‑44;
AA‑EC‑2017‑45
Saul Ortega, Former Chief Financial Officer, Director, President, Chief Executive Officer, and Chairman of the Board, and David Rogers, Jr., Former Chairman of the Board of First National Bank, Edinburg, Texas *Recommended Decision Icon PDF
FRB 17‑006‑E‑I;
17‑006‑CMP‑I
Fang Fang, A former institution-affiliated party of J.P. Morgan Securities (Asia Pacific) Limited, Central, Hong Kong, China, A Non-Bank Subsidiary of a Registered Bank Holding Company *Order Regarding Cross Motions for Summary Disposition Icon PDF
OCC AA‑EC‑2017‑44;
AA‑EC‑2017‑45
Saul Ortega, Former Chief Financial Officer, Director, President, Chief Executive Officer, and Chairman of the Board, and David Rogers, Jr., Former Chairman of the Board of First National Bank, Edinburg, Texas *Order Denying Respondents' Demand for Jury Trial and Motion to Dismiss Icon PDF
OCC AA‑EC‑2018‑20 Laura Akahoshi, Former Chief Compliance Officer RABOBANK, N.A. Roseville, California *Recommended Decision Icon PDF
OCC AA‑EC‑2020‑38 Biagio Maffettone, Former Vice President and Home Mortgage Area Manager Citizens Bank, N.A., Providence, Rhode Island *Recommended Decision Icon PDF
OCC AA‑EC‑2018‑89 Hiren Patel, Former Chairman of the Board, Chief Executive Officer, and Controlling Stockholder The National Republic Bank of Chicago Chicago, Illinois *Order Granting in Part and Denying in Part Enforcement Counsel's Motion for Summary Disposition Icon PDF

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2021 Decisions

Agency Case Number(s) Case Name OFIA Decision Agency Decision
FRB 19‑018‑E‑I;
19‑018‑B‑I
Mai Ly-Vu, A former institution-affiliated party of Pacific Premier Bank, Irvine, California Recommended Decision Icon PDF Final Decision Icon PDF
FRB 16‑012‑E‑I; 16‑012‑CMP‑I Joseph Jiampietro, A former institution-affiliated party of Goldman, Sachs & Co., New York, New York, A Non-Bank Subsidiary of a Registered Bank Holding Company Order Regarding Cross Motions for Summary Disposition Icon PDF
OCC AA‑EC‑2019‑82; AA‑EC‑2019‑81; AA‑EC‑2019‑70; AA‑EC‑2019‑71; AA‑EC‑2019‑72 Carrie Tolstedt, Former Head of the Community Bank, Claudia Russ Anderson, Former Community Bank Group Risk Officer, James Strother, Former General Counsel, David Julian, Former Chief Auditor, Paul McLinko, Former Executive Audit Director Wells Fargo Bank, N.A. Sioux Falls, South Dakota *Order Regarding Respondents’ Motion for Disqualification Based on Personal Bias and Other Disqualification under 5 U.S.C. § 556(b) Icon PDF
OCC AA‑EC‑2017‑44;
AA‑EC‑2017‑45
Saul Ortega, Former Chief Financial Officer, Director, President, Chief Executive Officer, and Chairman of the Board, and David Rogers, Jr., Former Chairman of the Board of First National Bank, Edinburg, Texas *Order Denying Cross-Motions for Summary Disposition Icon PDF
OCC AA‑EC‑2018‑89 Hiren Patel, Former Chairman of the Board, Chief Executive Officer, and Controlling Stockholder of the National Republic Bank of Chicago, Chicago, Illinois *Supplemental Order Regarding Joint Motion to Modify Hearing and Prehearing Filing Dates Icon PDF
OCC AA‑EC‑2018‑20 Laura Akahoshi, Former Chief Compliance Officer of Rabobank, N.A., Roseville, California *Order Regarding Cross Motions for Summary Disposition Icon PDF
OCC AA‑CC‑2019‑82 Carrie Tolstedt, Former Head of the Community Bank, a subsidiary of Wells Fargo Bank, N.A., Sioux Falls, South Dakota *Order Regarding Motions for Summary Disposition Icon PDF
OCC AA‑CC‑2019‑82 Carrie Tolstedt, Former Head of the Community Bank, a subsidiary of Wells Fargo Bank, N.A., Sioux Falls, South Dakota *Order Regarding Motions for Orders to Seal Submissions Filed in Opposition to Motions for Summary Disposition Icon PDF
OCC AA‑ENF‑2020‑85 Neil Bassi, Former President, Chief Executive Officer, and Chairman of the Board of cfsbank, Charleroi, Pennsylvania Order Granting in Part and Denying in Part Motion to Strike Affirmative Defenses Icon PDF
FDIC 20‑0086b Bank of Louisiana, New Orleans, Louisiana Order Regarding Motion for Summary Disposition, Recommended Findings of Fact, Recommended Conclusions of Law, Recommended Decision, and Proposed Order Icon PDF Final Decision and Order to Cease and Desist Icon PDF
OCC AA‑EC‑2020‑38 Biagio Maffettone, Former Vice President and Home Mortgage Area Manager of Citizens Bank, N.A., Providence, Rhode Island *Order Granting in Part and Denying in Part Motion for Partial Summary Disposition Icon PDF
OCC AA‑EC‑2018‑20 Laura Akahoshi, Former Chief Compliance Officer of Rabobank, N.A., Roseville, California *Order Modifying October 16, 2020 Order Icon PDF
OCC AA‑EC‑2017‑03 Richard Usher, former head of EMEA FX Spot Trading at JP Morgan Chase Bank, N.A., Columbus, Ohio Order Denying Motion to Dismiss Amended Notice of Charges Icon PDF

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2020 Decisions

Agency Case Number(s) Case Name OFIA Decision Agency Decision
FDIC 12‑568e;
13‑115k
Harry C. Calcutt III, Individually and as an Institution-Affiliated Party of Northwestern Bank, Traverse City, Michigan Recommended Decision Icon PDF Final Decision Icon PDF
FDIC 14‑0307e;
14‑0308k
Cornelius Campbell Burgess, Individually and as an Institution-Affiliated Party of Herring Bank, Amarillo, Texas *Order Denying Enforcement Counsel's Motion for Partial Summary Disposition Icon PDF
FDIC 14‑0307e;
14‑0308k
Cornelius Campbell Burgess, Individually and as an Institution-Affiliated Party of Herring Bank, Amarillo, Texas *Order Denying Respondent's Motion for Partial Summary Disposition Icon PDF
OCC AA‑EC‑2018‑20 Laura Akahoshi, Former Chief Compliance Officer of Rabobank, N.A., Roseville, California *Order Granting in Part and Denying in Part Motion to Strike Affirmative Defenses Icon PDF
OCC AA‑EC‑2018‑20 Laura Akahoshi, Former Chief Compliance Officer of Rabobank, N.A., Roseville, California *Order Granting in Part and Denying in Part Dispositive Motion Icon PDF
FRB 19‑018‑E‑I;
19‑018‑B‑I
Mai Ly-Vu, A former institution-affiliated party of Pacific Premier Bank, Irvine, California Order Regarding Enforcement Counsel's Motion for Summary Disposition Icon PDF
FRB 17‑006‑E‑I;
17‑006‑CMP‑I
Fang Fang, Former institution-affiliated party of J.P. Morgan Securities (Asia Pacific) Limited, Central, Hong Kong, China *Order Denying Motion to Terminate Icon PDF
OCC AA‑EC‑2017‑02 Rohan Ramchandani, Former Head of European FX Spot Trading at Citibank, N.A., Sioux Falls, South Dakota Order Denying Motion to Dismiss and Granting Motion to Strike Icon PDF
OCC AA‑EC‑2017‑03 Richard Usher, former head of EMEA FX Spot Trading at JP Morgan Chase Bank, N.A., Columbus, Ohio Order Denying Motion for Default and Motion to Dismiss Icon PDF
OCC AA‑EC‑2018‑20 Laura Akahoshi, Former Chief Compliance Officer of Rabobank, N.A., Roseville, California *Order Reviewing Prior ALJ's Prehearing Actions Icon PDF
FRB 17‑006‑E‑I;
17‑006‑CMP‑I
Fang Fang, Former institution-affiliated party of J.P. Morgan Securities (Asia Pacific) Limited, Central, Hong Kong, China *Order Rejecting Objection to Prior Order on Motion for Summary Disposition Icon PDF
FRB 18‑036‑E‑I Frank E. Smith and Mark A. Kiolbasa, Institution-affiliated parties of FARMERS STATE BANK, Pine Bluffs, Wyoming, a state-member bank Findings of Fact, Conclusions of Law, Analysis, Recommended Decision, and Proposed Orders Icon PDF Final Decision Icon PDF
OCC AA‑EC‑2017‑44;
AA‑EC‑2017‑45
Saul Ortega, Former Chief Financial Officer, Director, President, Chief Executive Officer, and Chairman of the Board, and David Rogers, Jr., Former Chairman of the Board of First National Bank, Edinburg, Texas Order Regarding Cross Motions for Summary Disposition Icon PDF Order Granting Cross-Motions for Interlocutory Review and Vacating and Reversing in Part April 9, 2020 Order Icon PDF
OCC AA‑EC‑2017‑44;
AA‑EC‑2017‑45
Saul Ortega, Former Chief Financial Officer, Director, President, Chief Executive Officer, and Chairman of the Board, and David Rogers, Jr., Former Chairman of the Board of First National Bank, Edinburg, Texas Order Denying Motion for Summary Disposition on Appointments Clause Icon PDF Order Denying Motion for Interlocutory Review Icon PDF
OCC AA‑EC‑2017‑02 Rohan Ramchandani, Former Head of European FX Spot Trading at Citibank, N.A., Sioux Falls, South Dakota Order Denying Motion to Dismiss Icon PDF
FDIC 14‑0307e;
14‑0308k
Cornelius Campbell Burgess, Individually and as an Institution-Affiliated Party of Herring Bank, Amarillo, Texas *Order Regarding Objections on Remand Icon PDF

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