Bank Manager Allegedly Initiates 100+ Unauthorized Withdrawals From Customer Accounts, Steals Over $21,000 – The Daily Hodl

A manager at a US bank allegedly stole tens of thousands of dollars from customers, initiating more than 100 unauthorized transactions.

A new grand jury indictment accuses Reagan France of making illicit withdrawals from bank customers while working at Home Savings Bank in Ludlow, Kentucky.

France is accused of stealing the funds using different methods.

She allegedly stopped payment on some escrow refund checks tied to paid-off mortgages at Home Savings Bank and then issued new checks for lower amounts, pocketing the difference.

She is also accused of making withdrawals by forging withdrawal slips and depositing the stolen funds in her own account or one of her family members’ accounts.

Prosecutors say the crimes occurred from July 2022 until May 2024. France was hired as a teller at the bank in 2015 and became a manager in 2023. She resigned at the end of 2024.

The grand jury indicted France on 22 counts of financial crimes, including fraud and embezzlement, related to nine specific transactions totaling $2,500 apiece. Eighteen of the counts carry a prison sentence of up to 30 years, while the remaining two counts carry a sentence of up to two years in prison.

The full amount allegedly stolen is not stated in the indictment.

Home Savings Bank has served customers in Kentucky since 1880 and has $27.6 million in assets under management.

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