A Kingfisher man and former local bank vice president is facing a federal charge of defrauding the bank of nearly $900,000.

Timothy Shane Abercrombie, 42, was charged April 1 with bank fraud in the United States District Court for the Western District of Oklahoma.

According to court documents, Abercrombie used his role as a vice president and loan offi cer at InterBank to use customer information without their knowledge to create accounts and unauthorized loans and then use those proceeds for his own purposes.

The documents state Abercrombie executed this “scheme” beginning in or before May 2019 through February 2024.

According to InterBank CEO C.K. Lee, Abercrombie was dismissed as soon as the company became aware of the alleged crime.

“We are aware of the investigations and actions undertaken by law enforcement regarding an alleged breach of trust by one of our loan officers in Kingfisher,” Lee said in a statement provided to the KT&FP.

“This lender is no longer with Interbank and has not been since the day we learned about this situation last year. We have fully cooperated with the authorities since we made them aware of this breach.

“We have conducted our own investigation into this matter and have worked with affected customers to minimize the impact of this unfortunate situation on them and the Kingfisher community.”

According to court documents, Abercrombie allegedly used his status at the bank to access the personal information of current and former customers.

He would then prepare commercial loan applications using that information and all other necessary documents through the bank’s loan department, records show.

Abercrombie then requested a cashier’s check be issued to the customer after the loan was approved, according to the court records.

The next step, according to court records, was Abercrombie opening a checking account using the customer’s information, depositing the cashier’s checks into the account and controlling the accounts, including debit cards.

It’s alleged Abercrombie used the debit cards for each account “to make large cash withdrawals at ATMs throughout the Oklahoma City area.”

The court documents state Abercrombie made interest-only payments on the unauthorized loans, which enabled “the scheme to continue undetected.”

The court documents provided examples of Abercrombie’s alleged scheme and stated his actions “caused a loss to Inter-Bank of approximately $883,075.66.”

If convicted, authorities are demanding Abercrombie forfeit any property obtained - directly or indirectly - as a result of the alleged scheme.

Court records state Abercrombie is set to appear before U.S. District Judge Bernard M. Jones at the William J. Holloway Jr. United States Courthouse on April 22.

He is represented by attorney Scott Anderson of Oklahoma City.

This is Abercrombie’s second felony charge in recent months.

He was charged with embezzlement from Kingfisher Winter Nights last May.

According to those court documents, Abercrombie used his role within that non-profit group to obtain more than $18,000.

He is also represented by Anderson in that case. Abercrombie last appeared at Kingfisher County District Court on March 25 where he waived his right to a preliminary hearing.

He’s set to appear again at 9:30 a.m. Wednesday, May 7, for formal arraignment.