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Spokane, Washington  Est. May 19, 1883

Sirens & Gavels

Bank manager sentenced for $400k theft

A woman who embezzled  $400,000 from the bank she managed in North Idaho for 12 years is to spend 2 1/2 years in prison.

Mary Ann Head, 59, was sentenced today in U.S. District Court in Coeur d'Alene after pleading guilty in December to making false entries in the books and records of a federally insured financial institution - Bank of America in Hayden Lake.

In addition to 30 months in prison, Head will be on probation for five years after prison and is to pay $400,000 restitution and perform 100 hours of community service.

Head began misappropriating ATM funds in 1997 to cover overdraft fees for a longtime customer, according to court documents.

The man never repaid her the $100,000, starting a series of financial discrepancies that soon became a routine way for Head to pay her credit card debt.

Head lived with heavy stress for years as she deceived the bank, but that "pales in comparison to the enormous shame and sadness that weighs upon her."

Head was caught in December 2009 when the bank installed a new ATM.

Her life has since unraveled.

"She has lost all of her friends as news of her case spread through the community," according to her sentencing memorandum. She has sold her home in an effort to have money to pay toward restitution and currently lives in a motel...Her husband has moved to New Mexico to look for work and left her alone in Idaho to wait for sentencing."

Head had no criminal history when she began stealing money from the bank. She has two children ages 37 and 23 and married her husband, Ricky Head, in 1972. She started at the bank as a part-time teller in 1993 and has never worked anywhere else, according to court documents.

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