Former Orion CEO pleads guilty

Jerry Williams, the former CEO and chairman of Naples-based Orion Bank, says he will plead guilty to bank fraud, in an agreement filed in U.S. District Court in Fort Myers on Wednesday.

Williams could face as long as 15 years in prison if a judge accepts the plea agreement. No sentencing date has been set.

Williams will plead guilty to one count of bank fraud and two counts of making false statements in connection with events leading up to the failure of Naples-based Orion Bank, according to the plea agreement with government attorneys.