Howard County, FBI probe bank losses

February 23, 1992

Howard County detectives and FBI agents are investigating a series of thefts totaling $36,000 from accounts at an Ellicott City bank branch last fall, the bank's president said yesterday.

Investigators believe an employee of the bank made the unauthorized withdrawals, and they will attempt to obtain an indictment against the employee, said David H. Wells Jr., president of Owings Mills-based Key Federal Savings Bank.

The withdrawals, made from six to eight accounts, were discovered in January when customers learned from Internal Revenue Service reports that there were shortages in their account balances and interest, he said.

The employee has since been fired, and the thrift has replaced the stolen money in the depositors' accounts, according to Mr. Wells.

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