Friday 2:18pm
July 25, 2014
Currently 83°F
Posted: Saturday, October 22nd 2011 at 10:58am

Former GA bank president pleads guilty

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
ATLANTA - A former Georgia bank president has pleaded guilty in federal court in Atlanta to charges of conspiracy to commit bank fraud.

Mark A. Conner, former president of FirstCity Bank of Stockbridge, pleaded guilty Friday.

The charges stem from misconduct at FirstCity in the years before state and federal authorities seized the bank in March 2009. The 45-year-old also pleaded guilty to perjury in his personal bankruptcy filing in federal bankruptcy court in January.

Prosecutors say Conner held top positions at FirstCity between 2004 and 2009. They say Conner conspired with others to defraud FirstCity's loan committee and board of directors into approving multiple multimillion dollar commercial loans to borrowers who were purchasing property owned by Conner or his co-conspirators.

Conner gained almost $7 million from the loans alleged in the indictment.

Associated Categories: Homepage, Business News, Local/State News

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.095337
icon
83°F
Gainesville, GA 30501
Scattered Clouds
Wind: WNW 6 mph
Dew point: 64°F