Bank Of McKenney Suffers No Losses From Alleged Embezzlement

MCKENNEY, Va., May 8, 2015 /PRNewswire/ --  A former Bank CFO was indicted for embezzlement by a Dinwiddie County grand jury on April 21, 2015. The alleged embezzlement was discovered by Bank of McKenney controls. Not by auditors. Not by regulators. All funds taken; including the cost by outside firms to determine the scope, have been paid in full. The incident was reported to federal and state authorities as required by law. No customer account was ever affected and at no time was the Bank's safety and soundness ever compromised.

Bank of McKenney is a full-service community bank headquartered in McKenney, Virginia with seven branches serving Southeastern Virginia.

SOURCE Bank of McKenney

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