The former general counsel at a failed New Orleans bank has been suspended from the practice of law on an interim basis following his guilty plea last month to a federal charge of conspiracy to commit bank fraud.

In a half-page order, the Supreme Court of Louisiana said Gregory St. Angelo's interim suspension is “pending further orders of this court” and that “necessary disciplinary proceedings be instituted.”

St. Angelo, who was GC at First NBC Bank from its inception in 2006 to its collapse in 2017, faces a maximum of 30 years in prison and $1 million fine when he is scheduled to be sentenced in the U.S. District Court for the Eastern District of Louisiana in October.

According to information contained in a 22-page factual basis that the U.S. Attorney's Office submitted in connection with the plea agreement—and that St. Angelo stipulated as true—he conspired with other former bank executives to falsify documents and take out loans that appeared to be paid off but never were.

Neither St. Angelo nor his attorney Peter Thomson, a member of Stone Pigman Walther Wittmann in New Orleans, could immediately be reached for comment about the interim bar suspension.