Omaha Banker Sentenced for Misapplication of Bank Funds
Acting United States Attorney Robert C. Stuart announced today that on January 8, 2018, Chief United States District Court Judge Laurie Smith Camp sentenced Keith McCormick, age 60, of Omaha, Nebraska for his conviction for misapplication of bank funds. McCormick was sentenced to a term of supervised release of three years and was ordered to pay restitution of $122,000 to Security National Bank.
During the period of July 2012 to June 2015, McCormick, while Senior Vice President of Business Banking at Security National Bank, in Omaha, misapplied bank funds, forged documents and concealed pertinent information from bank management relating to a series of loans that ultimately went into default and caused the bank to suffer a loss of approximately $122,000. McCormick has already paid the restitution.
This case was investigated by the Federal Bureau of Investigation.