PHILADELPHIA (AP) _ An Iranian has been charged with swindling a bank and its president out of $260,000 by posing as a Saudi Arabian prince.

Mousalreza Ebrahim Zadeh introduced himself as Prince Ibrahim al Masoudi in April 1985 at William Penn Bank, told president Andrew N. Farnese he wanted to buy $1.5 million in William Penn stock and wanted the bank to act as escrow agent in a $14 million oil deal, according to a five-count indictment.

Zadeh, 46, of Fresno, Calif., was allowed to cash a $250,000 Saudi check officials later determined was worthless, according to the indictment returned Wednesday. He also persuaded Farnese to transfer $30,000 of his personal funds into a California account belonging to Zadeh's wife, it says.

''The indictment charges he misrepresented himself wearing Saudi garb, a white turban and accompanied by bodyguards,'' Assistant U.S. Attorney Nicholas Harbist said. Zadeh, who holds a permanent resident visa, was charged with five counts of bank fraud. If convicted on all counts, he faces up to 25 years in prison and a $1.25 million fine.

Farnese recovered $20,000 but resigned because of the incidents.