Fed Board Bans Former First Financial Employee Over Misappropriation

Jamal Hillman prohibited from banking industry after misusing customer funds

Published on Feb. 25, 2026

Got story updates? Submit your updates here. ›

The Federal Reserve Board announced an enforcement action against Jamal Hillman, a former employee of First Financial Bank in Cincinnati, Ohio, for the misappropriation of customer funds. Hillman has been issued a consent prohibition order, barring him from participating in the banking industry going forward.

Why it matters

This action by the Federal Reserve highlights its commitment to holding financial industry employees accountable for misconduct that violates consumer trust and puts customer assets at risk. Misappropriation of funds is a serious offense that can undermine confidence in the banking system.

The details

According to the Federal Reserve's announcement, Hillman, a former employee of First Financial Bank in Cincinnati, engaged in the misappropriation of customer funds while working at the bank. As a result, the Fed has issued a consent prohibition order against Hillman, prohibiting him from participating in the banking industry in the future.

  • The Federal Reserve Board announced the enforcement action on February 25, 2026.

The players

Jamal Hillman

A former employee of First Financial Bank in Cincinnati, Ohio who was issued a consent prohibition order by the Federal Reserve Board for the misappropriation of customer funds.

First Financial Bank

A bank based in Cincinnati, Ohio where Jamal Hillman was previously employed.

Federal Reserve Board

The central banking system of the United States that announced the enforcement action against Jamal Hillman.

Got photos? Submit your photos here. ›

The takeaway

This case underscores the importance of robust oversight and accountability measures in the banking industry to protect consumer assets and maintain public trust. The Federal Reserve's swift action against Hillman sends a clear message that misappropriation of funds will not be tolerated.