The Federal Reserve recently issued consent orders against two former bankers in Illinois and Kansas. .The consent orders were issued March 13 against Sandra Adams, a former employee of First State Bank of Dongola, Ill.; and Cassandra Grayson, a former employee of Equity Bank in Andover, Kan. Adams and Grayson are both accused of stealing funds from their banks. Grayson, a bank teller, allegedly embezzled $10,000 from the bank’s teller drawer and vault on Aug. 12-13, 2024 for her personal benefit. She was fired two days later.Adams, who was fired from First State Bank of Dongola on July 10, 2024, was a branch manager and assistant BSA officer. She allegedly misappropriated $16,000 from the account of an elderly bank customer and embezzled $4,000 from the branch vault and her own teller drawer. The orders ban the pair from working in the industry without approval from the Federal Reserve Board of Governors.
