Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday.
According to the agency, Renee Nicole Brown, a former teller supervisor at the Silver Spring, Md., branch of Sandy Spring Bank (based in Olney, Md.), was prohibited for the funds misappropriation. Brown allegedly committed the misappropriation from June 2023 to July 2024. Sandy Spring Bank merged into Atlantic Union Bank, based in Richmond, Va., after the alleged misconduct attributed Brown.
She entered a guilty plea in May of this year in Maryland state court of “theft scheme,” for which she received probation and ordered to make partial restitution to the bank.
Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank
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