News and Press Releases


April 22, 2011

Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, announced today that on April 20, 2011, Mary S. Becker, 56, of Jerseyville, Illinois, was indicted by a Federal Grand Jury sitting in East St. Louis for Bank Fraud. The Indictment also has a forfeiture allegation seeking property and proceeds traceable to the bank fraud violation, which includes her residence, two condominiums in Osage Beach, Missouri, a 38' boat, vehicles, trailers, motorcycles and bank stock. The alleged bank fraud took place from at least 2003, through January, 2011, in Jersey County, Illinois. The offense of Bank Fraud carries with it a maximum penalty of up to thirty (30) years imprisonment and/or a fine of $1,000,000, five (5) years supervised release, and mandatory restitution.

The Indictment alleges that Becker electronically transferred funds from the Bank’s corresponding accounts to her own accounts, inflated expenses to a prepaid expense account and then electronically transferred the funds to her account, took money from a certificate of deposit account and concealed the money in the Bank’s general ledger. It also alleges that in order to perpetuate the scheme, Becker provided false information in the monthly reports to the Board and provided false information to FDIC examiners and state bank examiners. Further allegations are that Becker was employed by the Jersey State Bank since approximately 1976. During her employment she held various positions including Assistant Cashier, a director of the bank holding corporation, and Executive Vice-President. Her responsibilities included being in charge of the bank’s general ledger, the corresponding accounts, and she provided regular reports to the President and board members as to the bank’s assets, stability and financial soundness. The Indictment alleges that approximately $4.4 million was embezzled from the bank.



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