3 Panhandle bankers get prison for fraud scheme

Published August 22, 2014 12:42pm ET



PANAMA CITY, Fla. (AP) — Three leaders of a failed Panama City Beach-based bank are heading to prison and have been ordered to pay back about $4.54 million to the Federal Deposit Insurance Corporation.

Donald Terry Dubose, Frank Baker and Elwood “Woody” West were convicted on fraud charges. Judge Richard Smoak sentenced them on Thursday.

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