Former Bank President Serving 12 Years For Conspiracy To Commit Bank Fraud

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File photo of prison cell. (Photo credit  TIMOTHY A. CLARY/AFP/Getty Images)

File photo of prison cell. (Photo credit TIMOTHY A. CLARY/AFP/Getty Images)

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ATLANTA (AP) — A former Georgia bank president has been sentenced in federal court in Atlanta to serve 12 years in prison on charges of conspiracy to commit bank fraud.

Mark A. Conner, former president of FirstCity Bank of Stockbridge, pleaded guilty in October. The 46-year-old also pleaded guilty to perjury in his personal bankruptcy filing in federal bankruptcy court.

Conner held top positions at FirstCity between 2004 and 2009. Prosecutors say he 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’s prison time will be followed by five years of supervised release. He’s also banned from banking for life and was ordered to pay restitution of $19.5 million.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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