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Federal Reserve Board issues enforcement action with former employee of Dacotah Bank

September 25, 2025

Federal Reserve Board issues enforcement action with former employee of Dacotah Bank

For release at 3:00 p.m. EDT

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

Consent prohibition order against Nicholas Leroy Klug
Former employee of Dacotah Bank, Aberdeen, South Dakota
Embezzlement of bank funds

Additional enforcement actions can be searched for here.

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