Neely was also ordered to pay a civil penalty of $100,000 to settle administrative charges that he breached his fiduciary duties.
The issuance of a consent order of prohibition and assessment of a civil money penalty resolves administrative charge brought by the Federal Reserve Board in June 2014. Those charges alleged that Neely had engaged in violations of law, unsafe and unsound banking practices, and breaches of his fiduciary duties in connection with his role in Regions Bank’s improper reporting of nonaccrual loans in the first quarter of 2009, and by providing misleading information to federal and state bank examiners.
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“DE&I is about building corporate strength and success, embracing the future and embracing the talent that will lead to the ultimate success and longevity of an organization.” Melba Hughes began her diversity, equity and inclusion (DE&I) work three decades ago.... read more