WASHINGTON - Two former officers of Hibernia National Bank in New Orleans agreed to pay the Office of the Comptroller of the Currency a total of $33,000 in fines to settle charges that they filed inaccurate call reports.
Thomas A. Masilla, the bank's former chairman, agreed to pay $17,000. Jay B. Capouch, a former senior vice president and manager of the loan control division, agreed to pay $16,000.
The OCC alleged that they bore some responsibility for eight inaccurate call reports filed by the bank between June 30, 1989, and March 31, 1991. According to the OCC, the levels of past due and nonaccruing loans were underreported by as much as $42 million one quarter. Income was overstated by $4 million in another quarter.
The bank refiled accurate call reports after the two men resigned, the OCC said.
