Bank in Walnut Ridge bilked of at least $3.9 million - KAIT Jonesboro, AR - Region 8 News, weather, sports

Bank in Walnut Ridge bilked of at least $3.9 million

WALNUT RIDGE, Ark. (AP) - The president of First National Bank of Lawrence County in Walnut Ridge says at least $3.9 million has been stolen from the bank - but adds that all customer deposits are safe.

Milton Smith said in a statement to The Jonesboro Sun (http://bit.ly/1Kkn1b0 ) that the FBI is investigating and that he can't release other details. FBI spokeswoman Deb Green told the newspaper that it would not be appropriate to comment at this time.

Smith said the bank meets all standards to qualify as well-capitalized and has enough capital to withstand the theft. He noted that the Federal Deposit Insurance Corporation insures deposits of up to $250,000.

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