Federal bank regulators are suing more than a dozen former officers and directors of a failed Macon bank claiming they were grossly negligent in their oversight of the institution.
The lawsuit against insiders of Security Bank of Bibb County is the latest in a string of civil liability lawsuits that have followed in the wake of bank collapses. Georgia has led the nation in failed banks since mid-2008.
The Bibb bank was a subsidiary of Macon-based Security Bank Corp. Six Security Bank Corp. subsidiaries, including three in metro Atlanta, were seized by regulators and sold to State Bank & Trust in July 2009.
via Regulators sue insiders of failed Macon bank | www.myajc.com.
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