He allegedly forged documents at an Iowa bank that led to a bankruptcy. He still became an executive at another bank

The Federal Reserve on Thursday admonished Tanner Winterhof, a former executive at VisionBank of Iowa, for allegedly falsifying documents, causing the bank to endure major losses. Despite VisionBank terminating him last year, Winterhof still managed to get another job at a bank.

He allegedly forged documents at an Iowa bank that led to a bankruptcy. He still became an executive at another bank


Tanner Winterhof was admonished by the Federal Reserve for falsifying documents and causing major losses to VisionBank. Winterhof was terminated by VisionBank last year but still found a job with another bank.

Winterhof, according to the Fed falsified several documents, such as a subordination contract, relating to loans given to a client.

The Fed stated in an official enforcement action that Winterhof was responsible for at least $100,000 of losses and legal costs.

Winterhof forged Melissa Dyer's signature, a loan agent at the Department of Agriculture Farm Service Agency. The agreement prioritizes loans based on importance. VisionBank is listed as one of the creditors in the bankruptcy filing. Later, the FSA informed VisionBank of the falsification.

The bankruptcy filing states that the forged signature misspelled Dyer’s name.

Winterhof's conduct was also described as involving personal dishonesty, and a disregard for the safety and soundness of the Bank.

Winterhof agreed to the Fed's order and to follow its instructions. He is not obliged to admit or deny wrongdoing. Winterhof is prohibited from serving in any leadership position at a banking institution by the order that went into effect September 26.

According to the Fed, VisionBank terminated Winterhof in January 2022. VisionBank CEO Heather Miller said to CNN that she had 'no additional comment' beyond what the Federal Reserve published at this time.

Winterhof then joined Availa Bank in Iowa as a vice-president and loan officer. This was according to the online staff page of the bank earlier Thursday, and Winterhof’s LinkedIn profile.

Winterhof's page on Availa Bank's website was taken down shortly after CNN contacted the bank for a comment. Availa's executive informed CNN via email that Winterhof is no longer employed by the bank.

In a written statement, Lisa Irlbeck (Marketing Director & Community Education and Outreach Director at Availa) said: 'Availa Bank was never aware of any investigation or action taken by the Federal Reserve in relation to Mr. Winterhof.

Winterhof has not responded to CNN's multiple requests for comment beyond the automated email response indicating that he is out of the office. After CNN began asking questions, he also deleted his LinkedIn profile.

Winterhof previously stated in his LinkedIn bio that he worked hard to build and maintain trust with all of his clients. Winterhof's LinkedIn bio stated that 'all my customers quickly understand my passion for finances and helping everyone succeed financially, and I look forward displaying this passion to all my new clients.

Winterhof, according to an Iowa Bankers Association profile, has been aspired to be a banker ever since he was young. He also runs his own podcast entitled Farm4Profit.

This is what I do outside of my job, with family and friends in the community as well as guests when we conduct podcast interviews. Winterhof explained that this translated for her outside of work in many ways -- at home, with family and friends, or with guests when conducting podcast interviews. 'I'm still not great at banking but it has improved my skills.'