Fed Bars Teller Who Stole $246k from Banking Industry
A former bank teller manager has been barred from working in the banking industry after pleading guilty to embezzling an estimated $246,000 from Sandy Spring Bank's cash dispenser machines. The Federal Reserve formally banned Renee Nicole Brown, the former teller manager at Sandy Spring Bank in Silver Spring, Maryland, without prior board approval.
Brown misappropriated approximately $246,000 over a 14-month period from June 2023 until July 2024. She was sentenced to 10 years in prison with all but one year suspended and five years of supervised probation upon release.
The Fed's public notice indicates that Brown is currently serving her one-year jail term at the Montgomery County Detention Center. This is not the first time a bank employee has been barred for embezzlement; a former teller at First Horizon bank was banned in August 2025 for stealing $34,000 and another teller for nearly $18,000 from Regions Bank.
Sandy Spring Bank merged with Atlantic Union Bank in 2025, expanding its assets to $38.1 billion.