ROANOKE, Va. (AP) -- -

The former vice president of a Rocky Mount timber company will spend two and a half years in prison for fraud.

Matthew Ayers Lester also must repay $1.9 million to several employers and a bank that he defrauded.

The Roanoke Times reports that the 38-year-old Roanoke County resident was sentenced Monday in U.S. District Court in Roanoke.

Lester pleaded guilty in June to bank fraud and wire fraud.

Prosecutors say he submitted false reports about International Log & Timber LLC's assets to obtain money from the company's commercial lender, SunTrust Bank.

Ayers later went to work as a salesman for Turman Trading LLC in Christiansburg. Prosecutors say he borrowed money from a customer and repaid part of the loan by giving discounts he wasn't authorized to offer.