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Press Release

Former Bank Employee Sentenced to Prison for Misapplication of Bank Funds

For Immediate Release
U.S. Attorney's Office, Southern District of Iowa

DES MOINES, IA – On February 16, 2016, Barbara L. Baker, 54, of Montezuma, Iowa, was sentenced by Senior United States District Court Judge Robert W. Pratt to 60 days in prison for misapplication of bank funds, announced Acting United States Attorney Kevin E. VanderSchel. Baker will also be required to serve a three year term of supervised release following her term of imprisonment.

On August 7, 2015, Baker pled guilty to a United States Attorney’s Information charging her with the misapplication. Baker admitted from around January 20, 2012, to around July 19, 2013, she misapplied funds from Patriot Bank in Brooklyn, Iowa, for her own benefit, while she served as the chief financial officer of the bank.

This matter was investigated by the Federal Deposit Corporation Office of Inspector General and the United States Secret Service. The case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

Updated February 22, 2016

Financial Fraud