A federal judge in Atlanta unsealed an indictment Friday charging two former executives at Integrity Bank and a hotel developer with fraud tied to more than $80 million in loans from the Atlanta-area bank, which was seized in August 2008.

The indictment charges Douglas Ballard and Joseph Todd Foster, two former vice presidents at Integrity Bank, and Guy Mitchell, a hotel developer in Coral Gables, Florida, with "various acts of conspiracy, bribery, bank fraud and/or securities fraud," the U.S. Attorney's Office for the Northern District of Georgia stated in a news release.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.