A former bank manager in Ludlow, Kentucky, appeared in court Wednesday to face nearly two dozen counts, including bank fraud and theft by a bank employee.
Reagan France, who was employed by Home Savings Bank from 2015 to 2024, allegedly made over 100 unauthorized transactions on customer accounts, according to court documents. She became bank manager in 2023.
The indictment doesn’t tally alleged losses, but the FBI and the Kentucky Attorney General's Office counted losses above $300,000, local CBS affiliate WKRC reported.
France allegedly withdrew funds from customer accounts and deposited them into accounts belonging to her or one of her family members. France also forged slips to verify those withdrawals, according to the indictment.
Further, she allegedly stopped payments on escrow refund checks owed to customers, issued new checks in a reduced amount and deposited the difference in another customer’s account to reimburse them for prior unauthorized withdrawals.
France is a former two-term city council member in nearby Bromley, Kentucky, WKRC reported. For one of those terms, she was elected by one vote, the affiliate reported.
Denise Egnerdauwe told WKRC that she was among France’s victims, and that she plans to be present in court.
“I want her to pay for it. She’s robbed our whole town,” Egnerdauwe told WKRC. “They originally did not believe that she was this kind of person because she grew up in Ludlow. Now, they’ve come to me and said, ‘I’m so sorry. We did not believe you.’”
Egnerdauwe told WKRC she’s been fully reimbursed by the $26.7 million-asset mutual bank.
France pleaded not guilty on all charges, and was released Wednesday on her own recognizance without bond. If convicted, she faces hundreds of years in prison, as 18 of her 22 counts carry a prison sentence up to 30 years, according to the indictment.
Among the conditions of her release, France is forbidden from opening any new lines of credit, money markets, savings or checking accounts above $500 without permission from U.S. probation.
Her next court date is scheduled for April 26, with a tentative trial date set for May 26.
Neither France’s attorney nor Home Savings Bank responded immediately to a request for comment.
