ROCKFORD —(ENEWSPF)–October 22, 2015. A Polo, Ill. woman was charged yesterday by a federal grand jury for embezzling funds. KAYLA BERGSTROM, 46, of Polo, Ill., was First Vice-President of First State Bank, with branches located in Polo and Shannon, Ill. As alleged in the indictment, as Vice-President, Bergstrom had the highest security level assigned in the bank’s software program which controlled all customer bank accounts, the bank’s general ledger accounts, adding new accounts, and the maintenance of all bank accounts. Bergstrom’s responsibilities included reconciling all of the bank’s correspondent accounts including the bank’s correspondent account with US Bank. The indictment alleges that between Feb. 23, 2010 and Feb. 3, 2014, Bergstrom embezzled money from First State Bank by creating cash advance tickets for the bank’s correspondent account at US Bank and crediting the amounts of cash advance tickets to her personal account and the business account for her husband’s automobile repair business. According to the indictment, Bergstrom concealed her embezzlement by changing the balances on the bank’s US Bank account statements by manually cutting and pasting false account balances on the statements.
