Jefferson County Sheriff Eric Hickman said Friday the security bank has been reopened and that it is still open for depositing money.
The bank is the primary source of money for Jefferson County as part of the state’s emergency management and emergency operations funds, and Hickman would not provide details about the purpose of the bank.
Hickman said the sheriff’s office has received a number of complaints about the bank, including one person who filed a complaint with the National Association of Secretaries of State and Federal Reserve Banks that the bank was not adequately trained to handle the emergency funds and its employees were not following state regulations.
Jefferson County Sheriff’s Office Chief Deputy James Hickman speaks to reporters after speaking with reporters at the Jefferson County Courthouse in Jefferson City, Mo. on Tuesday, Feb. 19, 2019.
A spokesperson for the bank confirmed Friday that the investigation into the bank is ongoing.
Hickman declined to provide any information about the specific complaint or any other action that might have been taken.
Jefferson Security Bank was created to manage emergency financial assistance from the Federal Emergency Management Agency.
The bank has about $4.3 billion in assets and is the largest single source of emergency funding in the county, with a total of $3.3 million.