Manager of Plainview's Centennial Bank admits to stealing from vault

Updated: Aug. 24, 2018 at 2:26 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

PLAINVIEW, TX (KCBD) - Joe Frank Rodriguez has accepted a plea deal after he admitted to embezzling around $143,000 from a Plainview Centennial Bank's vault.

Court documents state in January the bank began an internal investigation after officials learned money was missing from the vault. Rodriguez was confronted by other bank managers and admitted to stealing money from the vault.

He told officials from October 2016 to mid-January he would enter the vault and take cash on a regular basis, according to court documents.

Court records state Rodriguez was an employee at Centennial Bank in Plainview since 2004. While working at the bank he was promoted to a management position in 2016, where he was granted regular access to the bank's vault.

"During this time period, defendant entered the vault on multiple occasions and would remove various amounts of cash for his personal use," court documents state.

Rodriguez has yet to be sentenced, that will be determined at a later date.

Centennial Bank issued this statement on Friday afternoon:

"We are grateful for the swift response by the Plainview Police Department and Plainview District Attorney's Office, the FBI, and the US Attorney's Office in bringing a conclusion to this matter. Centennial BANK has policies and procedures in place to prevent, uncover and report instances of theft from all sources. Immediate steps were taken following the discovery of this theft in January 2018 to stop any further activity by the individual. This was an isolated incident from an employee who was determined to steal from our bank. We would like our customers and the public to understand that at no time were any customer accounts compromised by this activity."

Copyright 2018 KCBD. All rights reserved.