President, former officers of First National Bank indicted - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Former president, officers of First National Bank indicted

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SAVANNAH, GA (WTOC) -

The former president and six other officers of First National Bank of Savannah were indicted in federal court Friday.

All are accused of defrauding First National Bank and other banks out of millions of dollars.

The long-running scheme is said to have contributed to the failure of First National in 2010, which will cost the FDIC Deposit Insurance Fund more than $90 million.

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