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Former Cecil Bank President Sentenced To Two Years In Federal Prison For Bank Fraud

Former President and CEO of Cecil Bank, Mary Beyer Halsey, was sentenced in Maryland to two years in federal prison and five years supervised release for a bank fraud conspiracy, receiving a bribe, and making false statements in bank records. She orchestrated the straw purchase of a foreclosed property for her own benefit, causing a loss to the bank of approximately $145,000.

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