GAINESVILLE — The former vice president of an Ellijay-based bank has been convicted of bank fraud after claiming to own a house in Cumming and then collecting more than $20,000 in rental and security deposit payments on it.

According to the U.S. Attorney General’s office for the Northern District of Georgia, a jury found 54-year-old William “Rusty” Beamon Jr. of Atlanta guilty on five counts of bank fraud. Sentencing has not been scheduled.

Beamon was the subject of an investigation by several agencies, including the Federal Deposit Insurance Corp., the Department of Treasury and the Federal Bureau of Investigation.

According to the U.S. Attorney’s Office, Beamon had been in charge of Appalachian Community Bank’s foreclosure liquidation department when the bank was forced to close in March 2010.

In 2009, he had claimed to own a Cumming house and hired a real estate agent to market and lease the property for him. However, Appalachian owned the home as part of the bank’s foreclosure inventory.

The real estate agent negotiated a lease on Beamon’s behalf, depositing more than $20,000 in monthly payments into his personal bank account.

Beamon also was charged for causing Appalachian to sell bank-owned properties to his wife and a shell company he owned at substantially low prices.