EDINA, Minn. - (01/13/05) -- Law enforcement officials werewondering this week just who to give the $20,000 reward promised bythe FBI for information leading to the Fishing Hat Bandit. Robberyrewards are usually awarded to outside tipsters who call in theidentity or locations of robbery suspects. But the obvious choiceis Real Financial CU (formerly Realtors CU) manager Dean Wickstromwho chased down the robber after he fled his credit union lastFriday morning and tracked him down, before calling police to letthem know where to find Minnesota's most prolific bank robber.Edina Police Sgt. Scott Kuyper called Wickstrom a hero and saidadmitted they would have caught the bandit without his help. "Hisactions were critical, otherwise we would never have found him (therobber)," Sgt. Kuyper told The Credit Union Journal. Wickstrom saidhe never even considered the reward when he took off in a footchase after the thief. Soon after his capture the robber,identified as 56-year-old John Whitrock confessed to 19 robberiesover the past 18 months, all but two of them at credit unions.Whitrock is being held without bail pending a grand jury indictmentwithin 30 days, according to the FBI.
-
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
1h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
2h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
5h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
7h ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
7h ago -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
8h ago