Malta Embezzlement Won’t Affect Missoula Bank [AUDIO]
The FBI is investigating a reported embezzlement at the First Security Bank in Malta of over $3.7 million dollars. The theft which occurred over several years put the small local bank in a difficult position, requiring the board of directors to strengthen the bank’s assets.
The Malta bank is not at all related to the First Security Banks in Missoula. President Scott Burke says the Missoula banks were purchased by Glacier Bancorp in 1996. Glacier Bancorp is a publicly traded company listed on the NASDAQ exchange. Burke says he was expecting more customers in Missoula to inquire about the incident in Malta, but he has received only one call, and that was from KGVO News.
First Security Bank President Scott Burke