JACKSONVILLE, Fla. - (10/06/05) -- The FBI confiscated a designerwedding dress, thousands of dollars in diamond jewelry, three Rolexwatches, two Cadilac Escalades and almost $65,000 in cash,travelers checks and money orders from a couple preparing a weddingthat was to be financed by funds stolen from members of VyStar CU.The couple were arrested last month on the eve of their weddingthat authorities believe they financed by siphoning money from theaccounts of credit union members after stealing their identities.The suspects, identified as Angelia Southerland and Anthony Smith,may have stolen as much as $700,000 from VyStar CU members. FBIagents said the couple prepaid $3,000 for their Sept. 24 wedding oncredit union members' accounts. But the nuptials were put on holdwhen the man-and-wife to-be were arrested Sept. 24, on the eve oftheir wedding. The couple could be waiting for awhile to completetheir wedding plans: each faces up to 30 years in prison onidentity theft and fraud charges.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17