Robert J. "Bob" Troester U.S. Attorney | U.S. Attorney for the Western District of Oklahoma
Aaron D. Johnson, a 42-year-old resident of Oklahoma City, has admitted guilt in a bank fraud case involving Farmers Bank. This announcement was made by U.S. Attorney Robert J. Troester.
Johnson faced charges on January 3, 2025, for bank fraud. During the period from September 2017 to November 6, 2018, he served as the President and Chief Executive Officer of Farmers Bank, which operates branches in Carnegie and Oklahoma City. He had access to the bank's operating account credit card.
The charge details that between September 2017 and July 30, 2018, Johnson utilized the bank's credit card for personal expenses. This resulted in an overdraft of approximately $200,000 in the bank’s operating account. On July 30, 2018, he approved a loan modification without obtaining approval from the bank’s board of directors. The modification increased the loan amount and led to a $200,000 advance being wired into an account controlled by Johnson himself. He used this money to settle the overdraft he had created.
On February 4, 2025, Johnson pleaded guilty and acknowledged his involvement in executing a scheme to acquire funds from Farmers Bank through false or fraudulent means. He now faces a potential sentence of up to 30 years in federal prison along with a fine that could reach $1 million.
The investigation was conducted by the Federal Deposit Insurance Corporation Office of Inspector General and is being prosecuted by Assistant U.S. Attorney Julia E. Barry.
