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Federal Reserve Board prohibits former president and CEO and executive vice president of Farmers State Bank from participating in the banking industry

December 13, 2018 / Source: FRB

Press Release

December 13, 2018

Federal Reserve Board approves the initiation of an action to prohibit president and CEO and executive vice president of Farmers State Bank from participating in the banking industry

For release at 11:00 a.m. EST

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

Frank Smith, President and Chief Executive Officer
Farmers State Bank, Pine Bluffs, Wyoming
Notice of intent to prohibit from the banking industry, dated December 11, 2018

Mark Kiolbasa, Executive Vice President
Farmers State Bank, Pine Bluffs, Wyoming
Notice of intent to prohibit from the banking industry, dated December 11, 2018

Additional enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.


* On December 13, the headline for this press release was corrected to note that the Board has initiated an enforcement action and that the individuals are not former employees of the bank.

Last Update: December 13, 2018