Jeffrey Bell: CMP and Prohibition Order

The FDIC has issued an Order of Prohibition from Further Participation and Order to Pay to Jeffery H. Bell, an institution-affiliated party of Transportation Alliance Bank, Inc., d/b/a TAB Bank, Ogden, Utah. The FDIC determined it had reason to believe that:

• Respondent has engaged ox participated in violations of law, unsafe or unsound banking practices, and/or breaches of fiduciary duty as an institution-affiliated party of Transportation Alliance Bank, Inc., Ogden, Utah ("Bank");
• By reason of such violations, practices, and/or breaches of fiduciary duty, the Bank has suffered financial loss or other damage and the interest of the Bank's depositors have been or could be prejudiced; and
• Such violations, practices, and/or breaches of fiduciary duty involve personal dishonesty on. the part of Respondent and demonstrate Respondent's willful and/ox continuing disregard for the safety or soundness of the Bank.
• that such violations, practices, and/ox breaches o:f fiduciary dufy demonstrate Respondent's unfitness to serve as a director, officer, person participating in the conduct of the affairs, ox as an institution-affliated party of the Bank, any other insured depository institution, or any other agency or organization enumerated in section 8(e)(7)(A) of the FDIC Act, 12 U.S.C. § 1818(e)(7)(A.}.

Bell was ordered to pay a Civil Money Penalty of $100,000, and prohibited from participation in any manner in the conduct of the affairs of any financial institution.