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NR 2011-40
Contact: Kevin M. Mukri
(202) 874-5770

OCC Will Hold Hearing on Charges against Colleen Adams; Agency Seeks Prohibition Order

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced a public hearing before an Administrative Law Judge beginning Tuesday, April 5, 2011, concerning an enforcement proceeding against Colleen Adams, former Home Loan Consultant for Wachovia Bank, N.A., Cartersville, Georgia. The OCC is seeking an order that would bar Ms. Adams from employment with any insured depository institution.

The OCC has charged Ms. Adams with engaging in unsafe or unsound practices in connection with her employment at Wachovia. Specifically, in 2005 and 2006, Ms. Adams withdrew funds from several Wachovia customers’ accounts without their authorization.

The hearing will commence at 9:00 a.m. on Tuesday, April 5, 2011, at United States District Court Courtroom 300, Third Floor, 600 East First Street, Rome, Georgia 30161. OCC administrative hearings are open to the public as required by federal law.

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