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Former Harrisonburg banker sentenced for fraud

Wednesday - 3/21/2012, 3:56pm  ET

HARRISONBURG, Va. - A former bank executive in Harrisonburg has been sentenced to four years and nine months in prison for fraudulently obtaining nearly $2 million in loans under his mother's name.

The U.S. Attorney's office says 60-year-old Russell Kinnard Henry Jr. was sentenced Wednesday in federal court. Henry pleaded guilty in November to bank fraud, embezzlement by a bank officer and making false statements for the purpose of influencing a financial institution.

Henry is a former executive and senior vice president with FNB Southeast, which provides banking services in North Carolina and Virginia.

Henry admitted fraudulently obtaining the loans to pay his mortgage and real estate taxes, and to buy a vehicle, Coca Cola memorabilia and Petro signs.

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