FAYETTEVILLE — The Federal Reserve has banned a woman from working in banks after it claims she made unauthorized transfers from the accounts of elderly people to her own account, according to an order.
A Nov. 17 Federal Reserve Board of Governors order says Chandlar Groce made unauthorized transfers for her own personal benefit totaling $6,617 from an elderly customer’s account into her own account while working at Arvest Bank in Fayetteville between March and April 2022.
“Groce’s conduct included the unauthorized and improper use of an elder’s assets for personal benefit, constituting elder abuse,” according to the order.
Groce worked at the bank from August 2021 to May 2022, according to the order. The customer reported the withdrawals on April 26, 2022.
“Groce’s unauthorized transactions were contrary to the Bank’s written policies and procedures and constituted violations of law or regulation, unsafe or unsound banking practices, and a breach of fiduciary duties,” the order said.
Groce is prohibited from working at any bank and could face civil or criminal penalties if the order is violated, according to the order.
Groce hasn’t been charged with a crime in either Washington County Circuit Court or federal court.