The details of the $3.9 million embezzlement that First National Bank of Lawrence County reported last summer are still very hush-hush, but we can report this:
The Walnut Ridge lender received an insurance settlement of almost $2.7 million, pumped its equity capital back above $20 million and ended 2015 with net income of $1.27 million. That compares with $2.7 million in 2014.
“All things considered, I can’t complain,” CEO Milton Smith told Whispers last week. “No one would listen to me if I did.”
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