The Federal Reserve Board announced an enforcement action involving James Burns, the former chief lending officer of Heritage State Bank in Lawrenceville, Illinois.
The action is a prohibition order against Burns. The Federal Reserve identified the matter as involving appraisal-related lending misconduct.
The Board announced the enforcement action on July 16, 2026, with the release scheduled for 11:00 a.m. EDT.
The Federal Reserve’s announcement includes an attachment in PDF format. The release lists media contact information for inquiries.