Fugitive banker's arrest causes stir in Vidalia - | WBTV Charlotte

Fugitive banker's arrest causes stir in Vidalia


News of Lee Price's arrest in Brunswick found Toombs and Montgomery County quickly.

"I can't believe he had the nerve to hide so close by considering all the people's lives that were impacted," said Tracy Morris of Collins.

Collins said Wednesday she'd gotten word of the former banker and fugitive's arrest via WTOC's Facebook page.

She had followed the case since Price, a former director of Montgomery Bank and Trust, disappeared and investigators said nearly $20 million in bank assets went missing too.

Montgomery Bank closed soon after and its branches opened under new ownership. The last images of Price came from FBI agents who circulated security pictures from airports as Price flew from Atlanta to Florida, then boarded a ferry boat in Key West.

Investigators said in 2012 Price left a note that some presumed to be a suicide notice. In fact, his wife successfully petitioned a Florida court to declare Price legally dead.

However, many, like Morris, doubted his death. She said the loss of the bank and millions of dollars hurt the local economy.

"I have a friend who had her business' account with them," Morris said. "Any time you have something go bad like that, especially stealing, it hurts so many people in a small community like this."

Glynn County deputies captured Price after a routine traffic stop. They pulled him over for excessive window tinting on the pickup he was driving.

They identified him by fingerprints after he'd given them the name "John Doe".

Price will appear in court Thursday in Glynn County on federal banking and embezzlement charges.

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