An employee at a billion-dollar bank faces a ban from banking after stealing her employer’s money.
In a new executive action, the Fed He says She is issuing a restraining order against Molly Morrow over accusations of stealing money while working as a sales representative at a United Bank branch in Washington, North Carolina.
“…Between October 2021 and August 2023, Morrow embezzled $33,136 from the bank by misappropriating cash while the bank replenished its ATMs…”
According to the Federal Reserve, Morrow pleaded guilty to embezzlement charges and was ordered to pay the full amount to United Bank. Morrow’s employment with United Bank was terminated in August 2023.
“…Morrow’s conduct constituted violations of law or regulation, breach of fiduciary duty, unsafe or unsound banking practices, involved Morrow’s personal dishonesty and demonstrated willful or persistent disregard for the safety and soundness of the bank…”
The Federal Reserve later prohibits Morrow from “participating in any way in the conduct of the affairs of any institution or agency” that qualifies as a federally insured bank, foreign bank, or its affiliates. Moro agreed to all provisions of the ban order.
As of December 31, 2025, United Bank He was It is the 63rd largest bank in the United States with total assets of $33.55 billion.
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