A Vermont banker accused of taking out bogus loans in his late mother's name has been sued by his former employer for allegedly embezzling $65,000.

Factory Point National Bank in Manchester Center, Vt., is suing former vice president Jeffrey M. Linebeck, who resigned last month after an auditor discovered the loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.