News and Press Releases

News and Press Releases

Former Mankato bank officer charged with embezzling funds

April 9, 2012

MINNEAPOLIS—Last week in federal court, a former retail operations officer for the
United Prairie Bank in Mankato was charged with embezzling approximately $108,040 in
customer accounts for her personal use. On April 6, 2012, Carolyn Faye Hampel, age 65, of
Jackson, was charged via an Information with one count of embezzlement by a bank officer.

Allegedly, from January of 2005 through August of 2011, Hampel embezzled
approximately $108,039.75 of bank funds. Hampel allegedly used the stolen funds for her
personal use, including paying down a loan balance for a family member.

If convicted, Hampel faces a potential maximum penalty of 30 years in prison. All
sentences will be determined by a federal district court judge. This case is the result of an
investigation by the Federal Bureau of Investigation. It is being prosecuted by Assistant United
States Attorney Kimberly A. Svendsen.

A defendant, of course, is presumed innocent until he or she pleads guilty or is proven guilty at trial.

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