Federal Reserve Board issues enforcement action with former chief lending



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July 16, 2026

Federal Reserve Board issues enforcement action with former chief lending officer of Heritage State Bank

For release at 11:00 a.m. EDT

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

Prohibition order against James Burns
Former Chief Lending Officer of Heritage State Bank, Lawrenceville, Illinois
Appraisal-Related Lending Misconduct

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Last Update: July 16, 2026