URBANA — The man accused of stealing more than $20,000 after knocking off two Vermilion County banks earlier this year pleaded guilty Wednesday in U.S. District Court.
Ronald E. Corbin, 49, entered the plea before U.S. Magistrate Judge David Bernthal as part of a plea agreement with the U.S. Attorney’s Office. The plea is to four counts of aggravated bank robbery and two counts of brandishing a firearm during a crime of violence.
In exchange for the plea, Corbin is expected to receive a sentence of 39 years 3 months in the federal Bureau of Prisons, if accepted by the district court. His sentencing is scheduled for April 30. He will remain in custody until sentencing.
Corbin pleaded guilty to a total of four bank robberies that took place between Aug. 12 and Sept. 10, beginning with the Aug. 12 robbery of the First Midwest Bank in downtown Danville. Wielding a silver handgun, Corbin walked in and demanded money. He fled the bank with $5,650 in cash, according to the U.S. Attorney’s Office.
Nine days later, Corbin struck again in Vermilion County, this time at the United Community Bank in Oakwood. There he entered the bank and placed a silver handgun on the teller’s countertop and demanded money.
He fled with $16,900 from the bank.
He is also accused of attempted to rob the Municipal Trust and Savings Bank in Momence on Sept. 6 and robbing the Central Illinois Bank in Urbana on Sept. 10.
Police arrested Corbin and co-defendant Dennis Gallivan at a stop on Interstate 74 near Ogden following the Urbana bank robbery and took him into custody.
Each aggravated bank robbery charge carries with it a penalty of up to 25 years in prison and a fine of up to $250,000. As part of the punishment, Corbin is expected to pay full restitution to the banks for the money stolen.
An indictment against Gallivan remains pending in U.S. District Court.