The Office of the Comptroller of the Currency announced its June 2026 batch of enforcement actions on Thursday, including prohibition orders against former executives of Quontic Bank and The First National Bank of Lindsay, Oklahoma. The news release, numbered NR-OCC-2026-48, was issued on 18 June 2026 and also announced the termination of three earlier enforcement actions.
The action against the former Quontic officer centres on alleged misconduct in the mortgage-lending business, while the action against the former Lindsay chief executive is tied to a bank failure.
PROHIBITION ORDER AGAINST FORMER QUONTIC OFFICER
An Order of Prohibition was issued against Steven Ho, the former Vice President and Senior Mortgage Lending Officer of Quontic Bank. According to the order, to which Ho consented without admitting or denying wrongdoing, he concealed his dealings with third-party mortgage brokers not approved under the bank's policy, participated in the falsification of information in loan applications and transferred confidential customer and business information to support a new mortgage venture.
The order bars Ho from participating in the affairs of any insured depository institution without the written consent of the OCC and the institution's regulator.
The order covers Ho's mortgage origination at Quontic between July 2014 and January 2023.
LINDSAY BANK FAILURE ACTION
A separate Order of Prohibition was issued against Danny Seibel, the former President, Chief Executive Officer and Director of The First National Bank of Lindsay, Oklahoma. The OCC closed the bank in October 2024 after identifying information suggesting fraud that revealed the depletion of its capital.
Seibel, who led the bank from 2007 until his termination in September 2024, pleaded guilty to federal bank fraud in May 2026.
Alongside the two prohibition orders, the OCC terminated a July 2022 cease-and-desist order against Bank of America, N.A., and formal agreements with Maple City Savings Bank, FSB, of Hornell, New York, and The Federal Savings Bank of Chicago.
Both prohibition orders were published as part of news release NR-OCC-2026-48 on the agency's website, where the full text of each order and the complete list of actions is available.