Wed., July 11, 2012 6:49pm (EDT)

Bank Director Is Indicted
By Associated Press
Updated: 2 years ago

ATLANTA  —  
A missing south Georgia bank director has been indicted on a bank fraud charge.  Aubrey Lee Price was indicted Wednesday by a federal grand jury in Savannah. Prosecutors say his actions led to the depletion of the cash assets and reserves of Montgomery Bank & Trust in Ailey.  Price already faces federal charges in New York, where authorities have accused him of embezzling $17 million.(photo courtesy of Zack McArthy via flikr)
A missing south Georgia bank director has been indicted on a bank fraud charge. Aubrey Lee Price was indicted Wednesday by a federal grand jury in Savannah. Prosecutors say his actions led to the depletion of the cash assets and reserves of Montgomery Bank & Trust in Ailey. Price already faces federal charges in New York, where authorities have accused him of embezzling $17 million.(photo courtesy of Zack McArthy via flikr)
A missing south Georgia bank director has been indicted on a bank fraud charge.

Aubrey Lee Price was indicted Wednesday by a federal grand jury in Savannah. Prosecutors say his actions led to the depletion of the cash assets and reserves of Montgomery Bank and Trust in Ailey.

Price already faces federal charges in New York, where authorities have accused him of embezzling $17 million.

Price became a director of the Georgia bank after a company he controlled bought a controlling portion of the bank's stock in 2010.

Price disappeared in mid-June. A rambling confession that investigators believe he wrote indicates that he planned to kill himself.

His family has told authorities they believe he's dead. Investigators aren't sure and have offered a reward for information leading to his arrest.

Price became a director of the Georgia bank after a company he controlled bought a controlling portion of the bank's stock in 2010.

Price disappeared in mid-June. A rambling confession that investigators believe he wrote indicates that he planned to kill himself.

His family has told authorities they believe he's dead. Investigators aren't sure and have offered a reward for information leading to his arrest.