Waterloo man pleads guilty to Frederika bank robbery - KWWL - Eastern Iowa Breaking News, Weather, Closings

Waterloo man pleads guilty to Frederika bank robbery


A Waterloo man pleaded guilty on Tuesday to a Frederika bank robbery that happened in October.

In the plea agreement, Steven Vandewalker, 38, admitted that he walked into the Farmer's Savings Bank at around 12:30 p.m. on Oct. 23, walked into an office where an employee and customer were talking, and ordered them to get on the floor.

Court documents say he also admitted to hitting a customer in the face with a gun.

He then admitted he went behind the counter and had a teller give him cash from the drawers and the vault. Vandewalker then fled the bank with more than $36,000 in cash.

Court documents say officers found a handgun and $26,000 in cash when they searched Vandewalker's Waterloo home on Oct. 26.

Vandewalker was convicted of one count of bank robbery and using a dangerous weapon to assault another person during the course of a robbery.

A sentencing date has not been set, but Vandewalker faces up to 25 years in prison, a $250,000 fine, a $100 special assessment, and five years of supervised release.

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