Tuesday, April 5, 2011

Former Chief Credit Officer of a Failed Bank Banned From Working in the Banking Industry

- Atlanta Business Chronicle

The former chief credit officer of a failed north Georgia community bank who faces criminal charges has been banned by federal regulators from working in the banking industry.

Robert R. “Randy” Jones, a former executive vice president of Community Bank & Trust of Cornelia, agreed to the Federal Deposit Insurance Corp.’s prohibition order on Feb. 24, and the agency released the order on March 25.

Jones faces federal criminal fraud charges for his involvement in making real estate loans.

Community Bank & Trust also made loans, under Jones’ watch, to an outdoors-retail store that was developed by the daughter and son-in-law of Ga. Gov. Nathan Deal.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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