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LINCOLNTON, N.C. -- A Fifth Third Bank employee is accused of forgery and embezzlement, according to Lincolnton police.

Police said Jeffery Dean Etchison, Jr. forged and uttered a savings account withdrawal slip and withdrew money from an elderly victim's account without his permission. Upon withdrawing the money, Etchison kept the money.

After being notified of the unauthorized withdrawal, the elderly victim contacted Fifth Third Bank, and filed a police report. Etchison was interviewed and advised that a white male suspect who did a legal transaction following the illegal transaction by Etchison was the offender, police said.

Fifth Third Bank investigators and police then developed information on the possible offender, who was later identified, interviewed, and determined to be a witness and not the offender.

Police said Etchison was then interviewed again at which time he confessed to the illegal withdrawal of the elderly victim's account and also intentionally leading investigators to the wrong person.

Etchison was and charged with embezzlement, identity theft, forgery of an instrument, uttering a forged instrument and obtaining property by a false pretense. He is being held under a $25,000 bond at the Lincoln County Jail.

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