Employee Turns Herself In To Cops

Published December 21, 2009, 9:08 a.m. EST

|

Updated August 27, 2020, 12:18 a.m. EDT

1 Min Read

AMARILLO, Texas-A member service rep at Texas Plains FCU who walked into the Amarillo Police Department and gave herself up, confessed this week to stealing $221,000 from the credit union. Authorities said Shannon Layton admitted she stole the money from a vault and altered the money count and other records to conceal the theft. Layton, 32, who stole the money beginning in 2002 and continued until August of this year, told police she was overcome with remorse when she gave herself up. Sentencing has not been scheduled.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Economy

Labor market rebounds, but all eyes are on inflation for Fed

The U.S. economy added 162,000 jobs in August, bouncing back from a surprise decline in July. The Fed's next interest rate decision will still hinge on next week's inflation reading.

By Kyle Campbell
Staff writer

1h ago
Bank Notes

The Fed is facing the exact dilemma it least wants to see

The Federal Reserve is committed to fighting inflation, but it also has to keep an eye on a jobs market that is slowly and steadily losing steam.

By Paul Vigna
Managing Editor

4h ago
Community banking

Private-sector deposit insurance is reemerging. Can it work?

A new consortium of community banks plans to offer deposit insurance above the FDIC's $250,000 limit. But skeptics say such private-sector efforts have a spotty history.

By Kevin Wack
Banking Editor

4h ago
Wealth management

RIA referrals, tech and service: How TradePMR by Robinhood pitches advisors

One year after $300M deal, referrals through Robinhood that put younger investors in the pipeline and an ongoing clearing relationship with Wells Fargo reflect how TradePMR is a growing rival to the giants of the custody channel.

By Tobias Salinger
Chief Correspondent

September 3
Regulation and compliance

Revolut wins US charter with limits on four products

The agency approved a full-service national bank but gated four product lines behind separate sign-offs, a condition advisors say is unlike other approvals.

By Carter Pape and Melinda Lucy

September 3
M&A

Kansas community bank says merger will enable big Iowa push

Equity Bancshares in Wichita, Kansas, had been looking for a way to establish a significant Iowa presence. By acquiring Lincoln Bancorp, which has 16 branches in the state, it's found a way in.

By Nathan Place
National Reporter

September 3

Load More