BASS LAKE – The former manager of Yosemite Bank pleaded guilty today in Madera Superior Court to four felony counts of grand theft.
Donald Eric Eaves, 53, of Coarsegold, was arrested on May 15 and charged with embezzling over $115,000 from the Oakhurst bank over a 2-year period. He had been behind bars on an $800,000 bond since his arrest, but on June 5, Judge Charles Wieland released him on his own recognizance.
In a today’s plea agreement, Eaves agreed to plead guilty to four of the thirty-two felony charges against him. He could have faced three years for each of the counts, but according to the terms of the agreement, the rest of the charges were dropped.
Eaves, who worked at the bank for about 10 years, faces up to two years in prison, up to $10,000 in restitution fines, and must repay the $115,500 he has admitted to embezzling from Yosemite Bank, a division of Premier Bank.
Eaves will be back in court on July 12 for sentencing.