Reagan France, a former Northern Kentucky bank manager and ex–city council member in Northern Kentucky, has agreed to plead guilty to federal charges after admitting she stole more than $335,000 through a scheme involving customer accounts and local nonprofit organizations. (WKRC, file)
Reagan France agreed to plead guilty to bank fraud, theft by a bank employee and aggravated identity theft, according to a plea agreement filed Sept. 9 in U.S. District Court for the Eastern District of Kentucky. Prosecutors agreed to seek dismissal of the remaining charges at sentencing.
<a href="https://local12.com/news/local/exclusive-former-bank-manager-accused-stealing-from-customers-northern-kentucky-ludlow-banking-banks-money-cash-funds-funding-mortgages-forged-forgery-unauthorized-deposits-accounts-home-savings-bank-businesses-business-theft-prison-time” rel=”nofollow noopener” target=”_blank”>France worked for Home Savings Bank in Ludlow beginning in 2015 and became a bank manager in 2023. She resigned at the end of 2024. Her position gave her access to customer accounts, including account numbers and names.
According to the plea agreement, a forensic examination found that France embezzled money from more than 20 customer accounts from at least 2022 through 2024.
Investigators said France used two primary methods: transferring money from customer accounts into accounts she controlled and withdrawing cash directly from customer accounts.
The investigation identified $107,893.04 taken through transfers and another $109,821 through cash withdrawals. Including other alleged losses, France admitted to misappropriating approximately $335,182.42.
The plea agreement says France used another bank employee’s credentials, forged withdrawal slips and moved money between customer accounts to conceal thefts. Her own checking account at the bank was also allowed to carry a deficit of more than $40,000.
Investigators also found that France stole tens of thousands of dollars from accounts belonging to two Ludlow nonprofit organizations where she volunteered, according to the agreement.
France agreed to pay at least $250,000 in restitution, offset by $173,712.81 already recovered. She also agreed to a forfeiture judgment of $76,287.19.
The aggravated identity theft charge carries a mandatory two-year prison sentence that must run consecutively to any other prison sentence imposed. France has not yet been sentenced.
She previously served two terms on the Bromley City Council, including winning one election by a single vote.
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