Monday, March 8, 2021
No menu items!
Home Bank News Grand jury charges two with embezzling millions from a local bank |...

Grand jury charges two with embezzling millions from a local bank | MyPanhandle.com

Posted: Updated:

BAY COUNTY, Florida (WMBB) — Two people are facing federal indictments for their role in reportedly embezzling millions of dollars from a local bank.

According to an arrest affidavit, from October 2006 to August 2019, Jennifer Woods worked at Centennial Bank in Panama City in a variety of positions, including as commercial loan officer.

During that time Woods allegedly began to issue unauthorized loans to Jeffery Cannon while receiving a commission for some of those loans.

Centennial Bank discovered the loans in July 2019. Woods resigned August 2, 2019.

It is estimated Woods and Cannon embezzled over $3,490,474 from the bank.

Source link

banknewsnowhttps://www.banknewsnow.com
Founder and CEO of the premier banking news informational website for the banking/financial industry, and applicants seeking careers exclusively in the finance field.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

    Skip to toolbar