2026-02-24

Federal Reserve Board Issues Enforcement Action With Former Employee of First Financial Bank

The Federal Reserve Board issued a consent prohibition order against Jamal Hillman, a former Consumer Banker at First Financial Bank. Hillman improperly accessed customer account data to facilitate third-party counterfeit check fraud, causing a $35,000 loss and violating fiduciary duties and bank policies. The order prohibits him from participating in the affairs, voting rights, or serving as an institution-affiliated party of any insured depository institution without prior regulatory approval.

Federal Reserve Board logo

United States

Federal Reserve Board

Click to view thumbnail

UNITED STATES OF AMERICA BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. In the Matter of JAMAL HILLMAN, A Former Institution-Affiliated Party of FIRST FINANCIAL BANK, Cincinnati, Ohio, A State Member Bank. Docket No. 26-011-E-I

Order of Prohibition Issued Upon Consent Pursuant to Section 8(e) of the Federal Deposit Insurance Act, as Amended WHEREAS, the Board of Governors of the Federal Reserve System (the “Board of Governors”), pursuant to section 8(e) of the Federal Deposit Insurance Act, as amended (the “FDI Act”), 12 U.S.C. § 1818(e), issues this Order of Prohibition (this “Order”) upon the consent of Respondent Jamal Hillman (“Hillman”), a former employee and institution-affiliated party, as defined in sections 3(u) and 8(b)(3) of the FDI Act, 12 U.S.C. §§ 1813(u) and 1818(b)(3), of First Financial Bank (the “Bank”), a state member bank; WHEREAS, Hillman was employed as a Consumer Banker at a Bank branch in Cincinnati, Ohio until he was terminated on February 11, 2022; WHEREAS, Hillman improperly accessed customer account information and provided that information to third-party associates to generate counterfeit checks drawn on the accounts of other Bank customers; WHEREAS, the counterfeit checks were cashed, resulting in a loss of $35,000 to the Bank; WHEREAS, Hillman’s unauthorized use and disclosure of customer account information was contrary to the Bank’s written policies and procedures and constituted violations of law or regulation, unsafe or unsound banking practices, and breaches of fiduciary duty, and involved his

personal dishonesty or willful and continuing disregard for the Bank’s safety and soundness; WHEREAS, by affixing his signature hereunder, Hillman has consented to the issuance of this Order by the Board of Governors and has agreed to comply with each and every provision of this Order, and has waived any and all rights he might have pursuant to 12 U.S.C. § 1818, 12 C.F.R. Part 263, or otherwise: (a) to the issuance of a notice of intent to prohibit on any other matter implied or set forth in this Order; (b) to a hearing for the purpose of taking evidence with respect to any matter implied or set forth in this Order; (c) to obtain judicial review of this Order or any provision hereof; and (d) to challenge or contest in any manner the basis, issuance, terms, validity, effectiveness, or enforceability of this Order or any provision hereof. NOW THEREFORE, before the filing of any notices, or the taking of any testimony or adjudication of or finding on any issue of fact or law herein, and without Hillman admitting or denying any allegation made or implied by the Board of Governors in connection herewith, and solely for the purpose of settlement of this matter without a formal proceeding being filed and without the necessity for protracted litigation or extended hearings, IT IS HEREBY ORDERED that:

  1. Hillman, without the prior written approval of the Board of Governors and, where necessary pursuant to section 8(e)(7)(B) of the FDI Act, 12 U.S.C. § 1818(e)(7)(B), another Federal financial institutions regulatory agency, is hereby and henceforth prohibited from: a. participating in any manner in the conduct of the affairs of any institution or agency specified in section 8(e)(7)(A) of the FDI Act, 12 U.S.C. § 1818(e)(7)(A), including, but not limited to, any insured depository institution or any holding company of an insured depository institution, or any subsidiary of such holding company, or any foreign bank or company to which subsection (a) of 12 U.S.C. § 3106 applies and any subsidiary of

such foreign bank or company; b. soliciting, procuring, transferring, attempting to transfer, voting or attempting to vote any proxy, consent, or authorization with respect to any voting rights in any institution described in section 8(e)(7)(A) of the FDI Act, 12 U.S.C. § 1818(e)(7)(A); c. violating any voting agreement previously approved by any Federal banking agency; d. voting for a director, or serving or acting as an institution-affiliated party, as defined in sections 3(u) and 8(b)(3) of the FDI Act, 12 U.S.C. §§ 1813(u) and 1818(b)(3), such as an officer, director or employee, in any institution described in section 8(e)(7)(A) of the FDI Act, 12 U.S.C. § 1818(e)(7)(A). 2. All communications regarding this Order shall be addressed to: a. Richard M. Ashton, Esq. Deputy General Counsel David Williams, Esq. Associate General Counsel Board of Governors of the Federal Reserve System 20th & C Streets, N.W. Washington, DC 20551 b. Jamal Hillman 3. Any violation of this Order shall separately subject Hillman to appropriate civil or criminal penalties, or both, under sections 8(i) and (j) of the FDI Act, 12 U.S.C §§ 1818(i) and (j). 4. The provisions of this Order shall not bar, estop, or otherwise prevent the Board of Governors, or any other Federal or state agency or department, from taking any other action affecting Hillman; provided, however, that the Board of Governors shall not take any further

action against Hillman on any matters concerning or arising from the matters addressed by this Order based upon facts presently known by the Board of Governors. This release and discharge shall not preclude or affect (i) any right of the Board of Governors to determine and ensure compliance with this Order, or (ii) any proceedings brought by the Board of Governors to enforce the terms of this Order. 5. Each provision of this Order shall remain fully effective and enforceable until expressly stayed, modified, terminated, or suspended in writing by the Board of Governors.

By order of the Board of Governors of the Federal Reserve System, effective this 18th day of February, 2026. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM /s/ Jamal Hillman By: /s/ Michele Taylor Fennell Jamal Hillman Michele Taylor Fennell Associate Secretary of the Board