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Embezzlement of 2 Million Rocks Sheldon Bank
Sheldon Iowa faces economic shock after a $2,126,899 embezzlement from Sheldon National Bank. Burnice Geiger, daughter of the bank president, is held in Sioux City on embezzlement charges as the FDIC closes the bank for liquidation. The last statement showed assets near $1.995 million and deposits insured up to $10,000. Town leaders note widespread financial disruption as remaining banks cope with demand.
MENTIONED IN THIS ARTICLE
Sheldon
Towa
Iowa
Sheldon National Bank
Burnice Geiger
U.S
Federal Deposit Insurance Corp
Federal
FDIC
Midwest
Security State Bank
Raiad
New York