An 82-year-old former bank executive has been sentenced to a
year and a day in prison for failing to disclose personal interest in loans
that resulted in more than $680,000 in losses to the bank. U.S. District Judge Gary Feinerman sentenced
James Regas of Oak Brook on Tuesday and ordered him to report to prison in 90
days.
Regas is former chairman of Western Springs National Bank
& Trust, which was closed by federal regulators in April 2011. He pleaded guilty last July to making false
statements. Prosecutors say he admitted referring business associates to the
bank for loans without telling the bank that he had financial interests in them….
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