Federal Reserve Bans Ex-Regions Bank Employee for $27K Misuse

Washington, D.C., January 6, 2026 – The Board of Governors of the Federal Reserve System has issued an Order of Prohibition against Jason Lovell, a former branch manager at Regions Bank, Alabama, following unauthorized withdrawals from customer accounts.

Between December 19, 2023, and January 30, 2024, Lovell impermissibly withdrew approximately $27,000 from bank customers’ accounts for personal gain. Lovell has partially repaid the bank.

Under the order, Lovell is prohibited from:

• Participating in the affairs of any insured depository institution, holding company, or relevant subsidiaries.

• Soliciting or voting proxies or participating in voting rights of such institutions.

• Serving as an officer, director, or institution-affiliated party of any such bank.

The prohibition was issued with Lovell’s consent under Section 8(e) of the Federal Deposit Insurance Act (FDI Act), without him admitting or denying the allegations.

Violations of this order may result in civil or criminal penalties. The order remains effective until modified or terminated in writing by the Federal Reserve Board.

Effective date: December 18, 2025

Contact for inquiries:

• Richard M. Ashton, Esq., Deputy General Counsel, Federal Reserve Board

• David Williams, Esq., Senior Associate General Counsel