A former executive of Wainwright Bank and Trust Co. has agreed to plead guilty to federal charges of bank fraud, misapplying funds, and falsifying records.

The charges claim Thomas H. Zocco, a former senior vice president at the bank, conspired with a real estate developer and other unnamed associates to arrange a loan from Wainwright and divert $1 million of it to Mr. Zocco for personal use.

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