Pittsburgh woman faces sentencing in bank failure

Pittsburgh woman faces sentencing in bank failure

PITTSBURGH (AP) — A former top official at a small Pittsburgh bank is set for sentencing on a federal charge of underreporting millions of dollars in delinquent mortgages in the months before the bank was forced into receivership and was taken over by a bigger institution.

Forty-six-year-old Donna Hebetic was vice president, director and loan officer for Metropolitan Savings Bank when she allegedly filed five false quarterly reports with the Federal Deposit Insurance Corporation in 2005 and 2006.

She pleaded guilty earlier this year and will be sentenced today for filing the last bogus report in November 2006 — three months before the bank failed — which listed $0 in delinquent mortgages instead of more than $7 million in loans at least 30 days overdue.

The Pennsylvania Department of Banking closed Metropolitan, and its assets were taken over by Allegheny Valley Bank.