Hancock Bank CEO: 2 employees embezzled $1 million from OS branch

Margaret Migues
Margaret Migues
Willie Burney (Photo source: Hancock Bank)
Willie Burney (Photo source: Hancock Bank)

By WLOX Staff

OCEAN SPRINGS, MS (WLOX) - Officials with Hancock Bank say they are investigating a major embezzlement scheme.

Friday afternoon, bank CEO Carl Chaney said two employees with the Ocean Springs branch of Hancock Bank admitted to embezzling about a million dollars from the bank over a period of several years. One of the employees was the branch operations manager, Margaret Migues. The other was a teller, Doris Willie Burney.

"These were long-term employees who abused their positions and took advantage of longstanding relationships with customers. They betrayed their customers, their community, and the other 2,000 people who make up the Hancock Bank family," Hancock Bank CEO Carl Chaney said.

Migues and Burney have both been fired, but neither has been officially charged with a crime. Chaney says all the materials collected by the bank in it's investigation will be turned over to the F.B.I. on Monday.

"When two or more people working at a bank conspire to steal money like this, they can cover each others tracks pretty well. Apparently, they operated this scheme for years. But, in the end, people like this are always found out."

Chaney said despite the embezzlement, no customers have lost any money.

"They used older bank customers' accounts as conduits to personally enrich themselves, but no Hancock Bank customer will lose a penny," Chaney said.

"We don't want to say anything that could jeopardize the FBI's investigation, but I can tell you this. I'm taking this personally. I'm angry. I feel betrayed by these two people, and I want the world to know that Hancock Bank has 2,000 other dedicated, trustworthy associates who stand up for the values of strength, stability, and integrity. I stand together with them."

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