Home Oklahoma City Press Releases 2009 Former Alva Bank Officer Sentenced to 33 Months in Prison and Ordered to Pay More Than $261,000 in Restitution...

Former Alva Bank Officer Sentenced to 33 Months in Prison and Ordered to Pay More Than $261,000 in Restitution

U.S. Attorney’s Office December 22, 2009
  • Western District of Oklahoma (405) 553-8700

OKLAHOMA CITY—Today, Mark A. Nickelson, 53, of Waynoka, Oklahoma, was sentenced by Chief United States District Judge Vicki Miles-LaGrange to 33 months in federal prison for defrauding his former employer, Alva State Bank and Trust Company, announced Robert J. Troester, Acting United States Attorney for the Western District of Oklahoma. In addition, Nickelson was ordered to serve three years supervised release upon his release from prison, to perform 100 hours of community service, and to pay restitution in the amount of $261,661.72.

The evidence submitted to the court showed the Mr. Nickelson made numerous false statements to Alva State Bank & Trust in connection with loans he secured from the bank. The court imposed an enhanced sentence on Mr. Nickelson based on its finding that he abused his position of trust as an Assistant Vice President at the bank.

Mr. Nickelson pled guilty to bank fraud on April 10, 2009.

Nickelson was ordered report to the Bureau of Prisons no later than January 22, 2010, to begin serving his sentence.

This case was the result of an investigation conducted by the Federal Deposit Insurance Corporation and the Federal Bureau of Investigation. The case was prosecuted by Assistant U.S. Attorney Jeb Boatman.