WILLIAMSPORT — This is an official press release from the U.S. Department of Justice (USAO - Pennsylvania, Middle), published as received.
WILLIAMSPORT - The United States Attorney’s Office for the Middle District of Pennsylvania announced that Matthew W. Mensinger, age 49, of Berwick, Pennsylvania, was sentenced by United States Chief District Judge Matthew W. Brann, to 12 months of imprisonment for perpetrating a scheme to obtain bank loans through false statements.
According to United States Attorney Gerard M. Karam, Mensinger was the Chief Lending Officer of a Berwick, Pennsylvania-based financial institution. Between approximately November 2011 and June 2020, Mensinger persuaded family members and business owners to obtain approximately $690,000 in loans from his financial institution, by submitting false loan applications purportedly for small business purposes and home mortgages. Mensinger, in turn, authorized and facilitated the loan approvals in his position as a financial institution officer. In fact, however, the individuals provided the money to Mensinger, who did not qualify to obtain the loans in his own right, and who promised that he would repay the loans.
In addition to Mensinger’s sentence of imprisonment, Chief Judge Brann also ordered him to perform 30 hours of community service, and to pay the remaining restitution owed to the financial institution, of over $290,000.
The case was investigated by the Federal Deposit Insurance Corporation’s Office of the Inspector General, and the Federal Bureau of Investigation. Assistant U.S. Attorney Phillip J. Caraballo prosecuted the case.
# # #
