Former Minnesota bank CEO sentenced to 18 months in prison for falsifying records
Robert Hager was the CEO of Border State Bank in Northern Minnesota.
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A former Minnesota bank CEO was sentenced to 18 months in prison Tuesday for falsifying records and misappropriating more than $1.6 million.
Robert Hager of Greenbush pleaded guilty in May to one count of making false entries in bank records.
Hager was CEO of Border State Bank, which has locations throughout Northern Minnesota. Hager also served as director of the bank’s holding company, Border Bancshares. Hager held positions at banks Border Bancshares acquired, including the former First State Bank of Clearbrook and the former First Advantage Bank.