Former President of Cecil Bank Facing Federal Indictment for a Bank Fraud Conspiracy, Receiving a Bribe, and Making False Statements in Bank Records and to Bank Examiners
According to the six-count indictment, Mary Halsey, former President and Chief Executive Officer of Cecil Bank,
conspired to defraud TARP recipient Cecil Bank and another bank to purchase a home through false pretenses, representations and promises.
Cecil Bank received an $11.5 million TARP bailout.
Two Blight Elimination Program Indictments Unsealed
In separate cases, two demolition contractors have been charged with with theft from a local government receiving federal funds.