Fed Bars Former Heritage State Bank Officer James Burns

• The Federal Reserve Board announced a prohibition order against James Burns.
• James Burns previously served as Chief Lending Officer at Heritage State Bank, located in Lawrenceville, Illinois.
• The enforcement action cites Appraisal-Related Lending Misconduct as the underlying misconduct type.
• The press release announcing the action was dated July 16, 2026, and released at 11:00 a.m. EDT.

Prohibition Order Announced

The Federal Reserve Board announced an enforcement action described as a prohibition order against James Burns. Burns is confirmed as the individual subject to that prohibition order.

Fed Bars Former Heritage State Bank Officer James Burns

Burns previously held the title of Chief Lending Officer. He served in that capacity at Heritage State Bank, which is located in Lawrenceville, Illinois.

The Federal Reserve Board's action identifies the underlying conduct as Appraisal-Related Lending Misconduct.

Details of the Announcement

The press release detailing the enforcement action was dated July 16, 2026.

That release was issued at 11:00 a.m. EDT.

Contact Information

The Federal Reserve Board's listed media contact phone number for inquiries is 202-452-2955.

The Federal Reserve Board's listed media contact email address is [email protected].

• A prohibition order was issued against James Burns by the Federal Reserve Board.
• Burns is the named subject of that prohibition order.
• Burns' former title was Chief Lending Officer.
• His former employer, Heritage State Bank, is based in Lawrenceville, Illinois.
• The misconduct type named in the action is Appraisal-Related Lending Misconduct.
• The related press release was dated July 16, 2026.
• The release was issued at 11:00 a.m. EDT.