A federal judge has sentenced a former metro-east banker to probation for approving dozens of fraudulent loans as part of a scheme to help his brother-in-law, a local developer.
Francis “Frank” Eversman, 75, of Collinsville, was sentenced to three years of supervised release. He received credit for time served after spending one day in custody before being released on a personal recognizance bond.
Eversman must also pay a $9,500 fine and complete 40 hours of community service. Chief Judge Nancy Rosenstengel of the U.S. District Court for the Southern District of Illinois handed down the sentence at the federal courthouse in East St. Louis on Thursday afternoon…