Federal Reserve bans former United Community Bank employee for fund misappropriation

The Federal Reserve Board announced an enforcement action against a former employee of United Community Bank in Greenville, South Carolina, involving misappropriation of customer funds, according to the Federal Reserve.

The action took the form of a consent prohibition against Katilyn M. Robinson, the former employee named in the enforcement action, the Federal Reserve stated.

The Federal Reserve is the central bank of the United States and aims to provide a safe and stable monetary and financial system, as noted on its official website.

For media inquiries, the Federal Reserve provided contact information including an email and phone number.