U.S. Attorney's Office
Northern District of Iowa
(319) 363-6333
September 22, 2015

Officer of Country Bancorporation Charged with Stealing More Than $800,000 from Banks Controlled by the Company

Heidi Wagler, age 50, from Wayland, Iowa, has been charged with one count of embezzlement by a bank officer. The charge is contained in an Information filed on September 21, 2015, in United States District Court in Cedar Rapids.

The Information alleges that, between June 2004 and October 2013, Wagler, while an officer of the company, caused banks controlled by Country Bancorporation to issue her $864,835 in additional compensation to which she was not entitled.

If convicted, Wagler faces a possible maximum sentence of 30 years’ imprisonment, a fine of up to twice the loss resulting from her offense, a $100 special assessment, and five years of supervised release following any imprisonment.­ Wagler could also be ordered to pay restitution to any victims.

Wagler’s first appearance in federal court in Cedar Rapids for an arraignment and plea hearing is set for October 6, 2015.

As with any criminal case, a charge is merely an accusation and a defendant is presumed innocent until and unless proven guilty.

The case is being prosecuted by Assistant United States Attorney Anthony Morfitt and was investigated by the FBI and FDIC.

Court file information is available at https://ecf.iand.uscourts.gov/. The case file number is 15-CR-00089.

Follow us on Twitter @USAO_NDIA.

This content has been reproduced from its original source.