A US bank vice president has admitted to using sensitive customer information to steal hundreds of thousands of dollars from his employer.
The US Attorney’s Office in the Western District of Oklahoma says InterBank vice president and loan officer, Timothy Abercrombie, used the privileged information belonging to InterBank customers to prepare fraudulent applications for loans.
“After the loans were approved, he deposited the proceeds into checking accounts that he controlled, which were opened in the customers’ names, all without their knowledge or consent.
As a result of the scheme, InterBank suffered a loss of more than $800,000.”
Abercrombie worked at InterBank in Kingfisher, Oklahoma, between May of 2019 and February of 2024, and the charges against him were filed a month before he pleaded guilty.
He will now serve 18 months in federal prison on the charges of bank fraud after receiving sentencing this week.
Abercrombie will also undergo 36 months of supervised release. He has also been ordered to pay $874,893.39 in restitution.
InterBank is headquartered in Oklahoma City, Oklahoma, and boasts approximately $5.2 billion in total assets.
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