MARIETTA, Ga.-Chris Leggett, CEO of LGE Community Credit Union here, has signed a consent agreement with Florida's regulator barring him from working for any Florida-based institution for the next five years.

The action pertains to Leggett's previous position as CEO of First Coast Community Credit Union in Palatka, Fla. and a real estate transaction that took place. Leggett told Credit Union Journal he agreed to the consent agreement simply because of the legal costs involved in mounting a defense, and he emphasized that the agreement is not an admission of guilt.

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