Sirens & Gavels

Ex-bank manager admits $400k theft

A North Idaho woman who embezzled from the bank she worked at for more than a decade has been ordered to pay $400,000 in restitution.

Mary A. Head, 58, pleaded guilty Wednesday to making false entries in the books and records of a federally insured financial institution.

Head faces up to 30 years in prison, a $1 million fine and five years of probation when she's sentenced Feb. 27 by U.S. District Judge Edward Lodge in Coeur d'Alene. She is not in custody.

Head worked at Bank of America, 162 W. Hayden Ave. in Hayden Lake, from 1993 to 2009 and was the assistant branch manager and banking center manager.

In 1997 she was given control of the ATM and charged with balancing the machine on a regular basis. That's when she started taking money from the ATM “and used it for a variety of purposes,” according to a grand jury indictment filed in March.

In September 2009, Head's control over the ATM changed because the bank installed a new imaging machine. Three months later, she was confronted about discrepancies in the books, records and ATM statements and admitted embezzling money.




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