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Ex-bank exec gets prison time for false statements
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CHICAGO (AP) — An 82-year-old former bank executive has been sentenced to a year and a day in prison for failing to disclose personal interest in loans that resulted in more than $680,000 in losses to the bank. U.S. District Judge Gary Feinerman sentenced James Regas of Oak Brook on Tuesday and ordered him to report to prison in 90 days. Regas is former chairman of Western Springs National Bank & Trust, which was closed by federal regulators in April 2011. He pleaded guilty last July to making false statements. Prosecutors say he admitted referring business associates to the bank for loans without telling the bank that he had financial interests and would benefit personally. He also submitted false conflict-of-interest statements. Regas has paid more than $680,000 in restitution and was fined $60,000. 
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Today is Saturday, May 25, the 145th day of 2013. There are 220 days left in the year.
1863 -- 150 years ago: The annual review of the fire department of this city took placeyesterday and made a fine showing with machines and hose carts in tip-top order.
1888 -- 125 years ago: Last night's prayer meeting at Central Presbyterian Church wascalled off due to water in the basement, residue of last week's flood.
1913 -- 100 years ago: The junior class of Rock Island High School will hold a riverexcursion on the steamer St. Paul next Tuesday.
1938 -- 75 years ago: The 75th Anniversary of the Rock Island Arsenal today finds thenation's largest ordinance manufacturing plant filling many important orders for the army.
1963 -- 50 years ago: Miss Patrice Daly, Rock Island, a senior at Rock Island HighSchool, won second place in the recent state public speaking contest held in Peoria underthe auspices of the Knights of Pythias.
1988 -- 25 years ago: Hampton's sesquicentennial committee and the Hampton HistoricalSociety have scheduled a full slate of activities, which will be held throughout the year, to celebrate the village's 150th birthday. The first celebration will be the Memorial Dayprogram at 10 a.m. May 30, at the Brettun and Black Store Museum on River Road. Therewill be a sesquicentennial display.
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