Cave City embezzler banned from banking industry

A former Cave City banker is among those included in a list of orders of administrative enforcement actions released Friday by the Federal Deposit Insurance Corporation (FDIC).

Online documents indicate the FDIC action permanently bars Carrie C. Porter from the banking industry.

Arkansas Business reports 49-year-old Porter is incarcerated in a federal re-entry facility in Texas, after pleading guilty last year to embezzling $285,000 from her employer, First Community Bank of Batesville, over the course of 12 years. She was sentenced in November to 18 months in federal prison and ordered to pay restitution.

On Friday, the FDIC announced it had entered an order prohibiting Porter from working for or serving on the board of any FDIC-insured institution. Although Porter had pleaded guilty to embezzlement in federal court, she neither admitted nor denied the FDIC’s findings, which were included in the order dated June 23.

WebReadyTM Powered by WireReady® NSI