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Fed bars and fines former Mississippi bank employee

The Federal Reserve Board has announced it has issued an order of prohibition and for restitution and a civil money penalty against a former teller and vault custodian for Farmers & Merchants Bank, Baldwyn, Mississippi, for embezzlement of funds. The order directed the former employee to make restitution to the bank in the amount of $20,264.27, and to pay a civil monetary penalty of $10,067. For further information, see the BankersOnline Penalty Page, "Former Mississippi teller banned and fined."
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