|For immediate release|
The Federal Reserve Board today announced the issuance of an Order of Prohibition against Stephen R. Koury, a former employee and institution-affiliated party of First Western Trust Services Company, New Castle, Pennsylvania, a nonbank subsidiary of First Western Bancorp, Inc., New Castle, Pennsylvania, a registered bank holding company.
Mr. Koury, without admitting to any allegations, consented to the issuance of the Order as a result of his alleged participation in violations of law in connection with his misappropriation of Trust Servicesís customer and company funds.
A copy of the order is attached.
|Order (145 KB PDF)|
1998 Enforcement actions