Jordan Hennessy

Introduction

Jordan Hennessy, 38, of Billings, was sentenced on October 28, 2026, to eight months in prison, followed by two years of supervised release, and ordered to pay $49,997.94 in restitution, U.S. Attorney Scott Twito announced. Hennessy, who was the commercial relationship manager for First Interstate Bank in Billings, used a falsified bank loan to receive $50,000, and he pleaded guilty in June 2026 to one count of bank fraud. The fraud centered on a commercial loan application submitted on March 11, 2022, under the name of his father’s business, Stillwater Group, LLC.

Background Information

Hennessy’s position at First Interstate Bank put him in charge of the very process he exploited. As commercial relationship manager for the Billings branch, he was responsible for negotiating the counteroffer to his own loan request, a position that allowed him to be on both sides of the transaction — negotiating with himself. The government alleged in court documents that Hennessy, while employed by First Interstate Bank, falsified a loan application and awarded himself $50,000. The application he submitted on March 11, 2022, sought $100,000 under the name of his father’s business, Stillwater Group, LLC, and stated that Stillwater Group would use the funds to develop real estate projects in Montana.

The Controversy or Incident That Led to Their Cancellation

Convicted and sentenced.

The mechanics of the scheme, as alleged in court documents, ran through Hennessy’s own desk. On March 11, 2022, he submitted a commercial loan application for $100,000 under the name of his father’s business, Stillwater Group, LLC, claiming in the application that Stillwater Group would use the funds to develop real estate projects in Montana. He then opened a checking account, naming his father as a joint owner, setting up the account structure that would receive the loan proceeds.

The conflict at the heart of the case came next: Hennessy, as a First Interstate employee, was responsible for negotiating the counteroffer to his own loan request, and his position allowed him to be on both sides of the transaction, negotiating with himself. The result of the sham negotiation was a $50,000 line of credit being issued to Stillwater Group. Hennessy then transferred the Stillwater Group funds into his personal checking account, putting the business credit line’s proceeds under his own control. He eventually defaulted on the $50,000 line of credit. Hennessy pleaded guilty in June 2026 to one count of bank fraud, and U.S. District Judge Kathleen S. Lane presided over the case that concluded with the October 28, 2026, sentencing.

Public Reaction and Consequences

“Jordan Hennessy abused his bank position to commit fraud for his own benefit and has now been brought to justice,” said John T. Perez, Special Agent in Charge, Headquarters Operations, Office of Inspector General for the Federal Reserve System and the Consumer Financial Protection Bureau, adding, “We are proud to have worked with our federal law enforcement partners and the U.S. Attorney’s Office to achieve this result.” “Mr. Hennessy submitted a falsified bank loan to his own employer and used his position at the bank to fraudulently obtain $50,000 for his own personal use,” said Special Agent in Charge Justin R. Bundy of the FDIC Office of Inspector General. “This sentencing serves as a clear reminder that bank insiders who abuse their trusted positions to commit fraud will be held accountable by the FDIC OIG and our law enforcement partners.” The FDIC OIG and the OIG for the Federal Reserve and Consumer Financial Protection Bureau conducted the investigation, and Assistant U.S. Attorney Colin Rubich prosecuted the case.

Current Status

Hennessy has been convicted and sentenced. His eight-month prison term is followed on the judgment by two years of supervised release, and the restitution order requires him to pay $49,997.94 — nearly the full $50,000 the sham negotiation produced. The release announcing the sentence does not describe where Hennessy is serving his term, any appeal, or any separate civil action by the bank, and no other proceedings are mentioned, leaving the sentence and restitution order as the final dispositions described in the record.

Impact on Their Career/Life

Hennessy’s banking career ended in a federal conviction for defrauding his own employer, a crime possible only because his job as commercial relationship manager handed him control of both sides of a loan negotiation. The March 11, 2022 application he fabricated in his father’s business name, the joint checking account he opened to receive the proceeds, and his default on the $50,000 line of credit became the documentary spine of a federal bank-fraud prosecution. The case closed with two federal inspector-general offices — the FDIC OIG and the OIG for the Federal Reserve and Consumer Financial Protection Bureau — publicly warning that bank insiders who abuse trusted positions will be held accountable.

Sources

• U.S. Attorney’s Office, District of Montana, “Billings man sentenced to 8 months prison, ordered to pay $50K restitution for defrauding bank”, October 28, 2026 — source