WASHINGTON - The Federal Reserve Board banned former bank officer James A. MacCallum from the industry last week, and ordered him to reimburse Toyo Trust & Banking Co. $500,000.

Mr. MacCallum, who worked in New York as a Toyo vice president and as an officer at Canadian Imperial Bank of Commerce, consented to the Dec. 29 order.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.