- Associated Press - Friday, June 5, 2015

PITTSBURGH (AP) - A former director of a defunct Pittsburgh bank has been sentenced to 12 years in prison for stealing about $336,000 from the institution - thefts that federal prosecutors say helped the bank to fail in 2007.

That’s one reason why 51-year-old Michael Bernick was also ordered Friday to repay about $9.9 million to the Federal Deposit Insurance Corp., which covered the losses of uninsured depositors at Metropolitan Savings Bank of Lawrenceville.

Bernick was convicted in September of using checks and wire transfers to steal the money. His girlfriend, Donna Shebetich, the bank’s former vice president, is serving a six-year sentence for pleading guilty to filing false reports with regulators to hide the bank’s dire finances.

Shebetich and Bernick are jointly responsible for paying the $9.9 million loss.



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