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Chicago Sun-Times
Chicago Sun-Times
National
Tim Novak

Bridgeport bank failure fallout: Dead CEO’s sister pleads guilty in collapse of Washington Federal Bank for Savings

Washington Federal Washington Federal Bank for Savings BRIDGEPORT Patrick Daley Thompson John F Gembara John Gembara Ashlee Rezin Marek Matczuk OCC SunTimes
Janice Weston entering to the Dirksen Federal Courthouse for her guilty plea and sentencing Wednesday. Weston was vice president of the board of Washington Federal Bank for Savings in Bridgeport and the sister of John Gembara, who was the bank’s chief executive officer. Their family ran the bank for three generations. (Ashlee Rezin / Sun-Times)

More than five years after federal authorities closed a Bridgeport bank following the sudden death of its CEO John F. Gembara, his sister Janice Weston pleaded guilty Wednesday to fabricating records that might have kept regulators from uncovering a massive embezzlement scheme.

Weston faces up to 30 months in prison when she is sentenced Oct. 20 in a case stemming from the December 2017 collapse of Washington Federal Bank for Savings, which her family had run for three generations.

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