Former Arkansas Executive Must Repay Bank, Insurance Company

April 24, 2009

A former senior vice president of Twin City (Ark.) Bank was sentenced April 22 to 57 months in prison after he pleaded guilty in December to two federal fraud charges that accused him of stealing more than a million dollars from customers’ accounts, prosecutors say.

Brent D. Geels, 42, of Maumelle, was also ordered to pay restitution of $1.4 million to Twin City Bank and its insurance company, according to a news release from the U.S. attorney’s office.

His sentence includes three years of supervised release after he is freed from prison, plus 100 hours of community service, the release said.

Federal court affidavits claim that, from October 2000 through June 2008, Geels took about $1.2 million from customer accounts and put the money into his own account, entering false records to conceal his thefts.

Twin City Bank, based at North Little Rock, is owned by Conway-based Home BancShares.

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