Ind. woman ordered to repay bank $48K she bilked

(WISH Photo, file)

MADISON, Ind. (AP) — A southeastern Indiana woman who pleaded guilty to bank fraud has been ordered to repay more than $48,000 to a bank where she was once a loan manager.

Tammy M. Hayes of Vevay pleaded guilty to fraud on a financial institution in August in exchange for prosecutors dropping a theft charge she had faced.

The Madison Courier reports Hayes had been a loan mortgage originator for MainSource Bank in Vevay and is a member of the Switzerland County school board.

She was accused of taking mortgage loan appraisal fees paid by customers either financing or refinancing loans, and converting those fees to cash for her personal use.

Hayes was sentenced last week. She was ordered to pay nearly $48,270 in restitution and to perform 80 hours of community service. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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