FDIC Slaps Ban on Ex-Georgia Bank Executive

Press release from the issuing company

Monday, March 28th, 2011

Two months after pleading guilty to conspiracy to commit bank fraud, the former chief credit officer of a failed North Georgia bank has been banned from working in the industry, federal regulators said Friday.

Randy Jones agreed to the ban from the Federal Deposit Insurance Corp. without admitting or denying wrongdoing, the FDIC said. Jones, who was also an executive vice president at Community Bank & Trust of Cornelia, was investigated for unsafe or unsound banking practices by the FDIC.

Read more: Atlanta Journal Constitution