The Federal Deposit Insurance Corp. said in a civil complaint filed Friday that the First National Bank of Georgia officials failed to follow sound banking practices in approving 14 real estate loans that led to heavy losses. The FDIC is seeking damages “in excess of” $29.9 million.
An attorney for the defendants said the claims are “without merit” and that the officials “proudly served their community for decades as officers and directors” of the bank.
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