A former vice president at Center Point Bank & Trust who aided and abetted the obstruction of an FDIC examination pled guilty on Monday.
38-year old Martin Smith of Center Point was convicted of Aiding and Abetting the Obstruction of the Examination of a Financial Institution. At the plea hearing, Smith admitted that he backdated a refinancing loan to obstruct an FDIC investigation.
Smith could face up to five years in prison. Sentencing will be set at a later date.
Right now, he remains free on bond.