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Bank Branch Manager Accused Of Stealing $73K

Posted On February 27, 2014

By Mike Perleberg

Yavone Seymour Dearborn County Sheriff's Dept.

Yavone Seymour
Dearborn County Sheriff’s Dept.

(Greendale, Ind.) – A bank branch manager is accused of stealing more than $73,000 from her employer.

Yavone Seymour, 46, of Aurora, was a branch manager for Dearborn Savings Bank’s location on Ridge Avenue in Greendale up until her firing on February 6. Just days earlier, bank officials discovered theft from the bank’s accounts.

In a meeting with Dearborn Savings Bank executives, Seymour allegedly admitted to the theft and signed a letter stating so.

Greendale Police were called to investigate. Detectives found that Seymour allegedly took $73,631.23 over the course of almost seven years dating back to March 2007. According to a court affidavit, Seymour would withdraw funds from customers’ saving or CD accounts and then show in the computer system that the money was placed right back into the account as though the bank had made a mistake. Seymour, however, was keeping the money and altering customers’ 1099 tax forms at the end of the year to reflect the proper interest gained.

The customers never lost funds, but the bank was out of the money, bank officials told police.

On the day she was fired, Seymour allegedly stole $3,520 from the bank’s ATM.

Seymour was charged Friday, February 21 with 18 counts including Fraud on a Financial Institution (Class C felony), Theft (Class D felony), and Forgery (Class C felony). She was arrested but posted $1,505 bond to get out of jail on Tuesday.

Ed Fischer, President of Dearborn Savings Bank, wants customers to rest assured that the alleged thefts did not affect them.

“We’ve not found any shortage with any account,” Fischer said. “While the bank did incur some expense, the most important thing is that no customers were negatively affected.”