COLUMBIA - The vice chairman of the University of South Carolina board of trustees, Samuel Foster II, has resigned.
The State reported Friday that the 52-year-old Foster resigned July 1, two days after federal officials in Charlotte, N.C., charged him with bank fraud.
Foster had been on the board since 1984 and was in line to become the first African-American chairman of the school's board.
Foster is accused of participating in a kickback scheme with an executive of BB&T and of filing a false federal tax return.
The newspaper said Foster's resignation letter merely says he is leaving "for personal reasons."
The school did not announce his resignation, but his biographical profile was removed from USC's Web site Wednesday.
Foster could not immediately be reached for comment.