COSTA MESA, Calif. - (12/05/05) -- An armed robber suspected in as manyas 25 area hold-ups--including last week's as California Coast CU--was arrested Friday morning at a motel here after a police receiveda telephone tip. Amir Hossein Saadat, also known as Mike Saadat,was captured after police surrounded his Vagabond Inn motel roomlate Thursday night and called inside. Also arrested at the scenewas Saadat's father, Hossein Ali Saadat, who was being held onsuspicion of being an accessory to a felony. Saadat was dubbed the'Big Nose' bandit because of his appearance on surveillancevideos.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
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