The man charged with defrauding Interbank of nearly $900,000 has pleaded guilty to the crime.

Timothy Shane Abercrombie, 42, filed the plea last Thursday in the United States District Court for the Western District of Oklahoma in Oklahoma City.

The filings are dated May 15, but the petition to enter the guilty plea signed by Abercrombie was dated March 21.

Abercrombie was originally charged April 1 with the felony bank fraud charge in federal court.

It was alleged in the charge that Abercrombie used his role as a vice president and loan officer at InterBank in Kingfisher to use customer information without their knowledge to create accounts and unauthorized loans and then use those proceeds for his own purposes.

The documents stated 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.

Lee also stated Interbank alerted and cooperated with authorities once they became aware of the breach and then conducted its own investigation and worked with affected customers.

According to court documents, Abercrombie 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 InterBank of approximately $883,075.66.”

In the petition to enter the guilty plea that was signed by Abercrombie, it asks “What are your reasons for making that agreement?” Written as a response was “To accept responsibility for my actions.”

Abercrombie was released on a $5,000 bond. The terms of his sentence either haven’t yet been imposed or are not yet a part of the court record.

Abercrombie is represented by attorney Scott Anderson of Oklahoma City.

He also is facing a felony in Kingfisher County.

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

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.