Tylesia Ramekia Euniece Pugh, a former teller with Little Rock’s Bank OZK, was banned from banking for participating in a scheme to misappropriate $120,000 from two customer accounts.
Pugh engaged in unsafe or unsound practices, caused the bank to suffer financial loss and engaged in personal dishonesty, according to the prohibition order by the Federal Deposit Insurance Corp.
The scheme occurred during October-November 2017. The consent order was issued April 4 but only became public recently.
In a statement, Bank OZK said Pugh was fired after an internal investigation and the matter was promptly referred to law enforcement. The bank said its customers did not incur any losses.
“Bank OZK upholds the highest standards of ethics, integrity and fair dealing, and we expect the same from every employee … We are satisfied with the FDIC’s order and do not plan to pursue further legal action,” the bank said.
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