- Associated Press - Thursday, January 23, 2014

SAVANNAH, Ga. (AP) - A Savannah man has become the seventh former officer of a failed Georgia bank to plead guilty to federal charges in what prosecutors called an illegal cover up of bad loans that cost $90 million in deposit insurance.

Authorities said 37-year-old Alan Robert Fleming pleaded guilty Tuesday to two counts of bank fraud in U.S. District Court in Savannah. Four other former officers of the First National Bank of Savannah pleaded to related charges last week. The bank’s former president, Heys McMath III, and one of its vice presidents entered guilty pleas last fall.

Prosecutors charged the seven bankers a year ago, saying they tried to hide millions of dollars in non-performing loans from regulators and the bank’s board of directors. First National Bank was shut down in June 2010.

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