Bank VP Sentenced for $800K Customer Data Fraud

A US bank vice president has admitted to using sensitive customer information to steal hundreds of thousands of dollars from his employer.

Timothy Abercrombie, a former InterBank vice president and loan officer, used privileged information belonging to InterBank customers to prepare fraudulent loan applications. After the loans were approved, he deposited the proceeds into accounts he controlled, opened in the customers' names, all without their knowledge or consent. As a result, InterBank suffered a loss of more than $800,000.

Abercrombie worked at InterBank in Kingfisher, Oklahoma, between May 2019 and February 2024. He has been sentenced to 18 months in federal prison for bank fraud and will undergo 36 months of supervised release. He has also been ordered to pay $874,893.39 in restitution.

InterBank is headquartered in Oklahoma City, Oklahoma, with approximately $5.2 billion in total assets.