SAVANNAH, Ga. (AP) - Two more former executives of a failed bank in Savannah have been sentenced to federal prison for their roles in a fraud scheme that led to the bank’s collapse.
The Savannah Morning News reports (https://bit.ly/1ip8tZM ) former First National Bank vice president and chief financial officer Stephen Michael Little was sentenced Wednesday to 20 months in prison. The 65-year-old Little is also ordered to pay more than $72,000 in restitution and serve three years of probation.
A judge has also sentenced the bank’s former senior lending officer 52-year-old Robert Wilson Dailey to 38 months in prison. He’s also ordered to pay more than $158,000 in restitution and serve three years of probation after his sentence.
Authorities have said executives defrauded the bank out of millions in a loan manipulation scheme.
Information from: Savannah Morning News, https://www.savannahnow.com
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