Ex-banker sentenced for embezzlement

By The Associated Press

ABERDEEN — Former Rosedale banker Henry E. McCaslin Jr. has been sentenced to 63 months in prison for embezzlement.

McCaslin was sentenced Friday in federal court in Aberdeen

McCaslin pleaded guilty in March to one count of embezzlement involving the First National Bank of Rosedale.

According to the indictment, McCaslin used his authority as president and CEO of FNBR to embezzle $18,067 for his own personal use.

McCaslin began working for the bank in April 1967. He was suspended as president and CEO in 2009 and retired in January of 2010.

McCaslin also was ordered to pay $1.5 million in restitution. He will serve five years on probation after his release from prison.