BILLINGS - A Billings man who used a falsified bank loan to receive $50,000 was sentenced today 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 said.

Jordan Hennessy, 38, pleaded guilty in June 2026 to one count of bank fraud.

U.S. District Judge Kathleen S. Lane presided.

The government alleged in court documents that Hennessy, while employed by First Interstate Bank, falsified a loan application and awarded himself $50,000.

Hennessy, the commercial relationship manager for First Interstate Bank in Billings, submitted a commercial loan application on March 11, 2022, for $100,000 under the name of his father's business, Stillwater Group, LLC. In the application, Hennessy stated 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.

Hennessy, as a First Interstate employee, was responsible for negotiating the counteroffer to his own loan request. 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. Hennessy eventually defaulted on the $50,000 line of credit.

"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. "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."

Assistant U.S. Attorney Colin Rubich prosecuted the case. The FDIC OIG and the OIG for the Federal Reserve and Consumer Financial Protection Bureau conducted the investigation.