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Feds indict failed bank’s lawyer for alleged $5M scam

June 24, 2011 --

A lawyer and two top executives allegedly made more than $5 million by defrauding the Stockbridge bank that employed them, prosecutors said today. Robert E. Maloney Jr., once in-house counsel for FirstCity Bank, is accused of conspiring with the bank’s president and senior loan officer to secure loans to borrowers who were buying property that one of them owned.

Hey hey, it’s a $273.5M Macon bank failure

Hey hey, it's a $273.5M Macon bank failure
May 23, 2011 --

Not even Davy Jones could keep Atlantic Southern Bank from closing Friday, costing federal insurers $273.5 million. Nor could the ex-Monkee, hired as the bank’s spokesman in 2008, draw attention away from improper transfers of cash by the bank’s holding company.