HOUSTON - (04/13/06) -- The central figure in a bank andcredit union burglary ring pleaded guilty last week to bankburglary charges after he was extradited from Costa Rica, where hehad been hiding. David Thomas Hughes, 33, a renown safecracker,admitted participating in eight bank and credit union burglariessince 2001, reaping as much as $2 million that he split with hisaccomplices. Hughes, a former locksmith, was identified by one ofhis partners, Keith Bailey, after a failed heist at CommunityResource CU, in Baytown, Texas, on August 4, 2003, according to aplea deal reviewed by The Credit Union Journal. Hughes tripped asilent alarm while trying to cut into the vault with a torch in theearly morning hours. When police arrived Hughes and Bailey steppedoutside the credit union, but Hughes, an accomplished long-distancerunner, escaped, leaving Bailey behind. Two other accomplices,Terrance Veltman, 48, and Thomas Davis, 46, have also pleadedguilty and face up to 20 years in prison when sentenced in June.The group's biggest robbery was of Elgin Bank, in Elgin, Texas,where they stole $688,000.
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WesBanco in Wheeling, West Virginia, has hired a team of lenders in South Florida. It plans eventually to open branches in a bid to grab a share of the region's expanding deposit market.
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The criminal cases against these former 30 Under 30 honorees highlight the dangers of prioritizing hypergrowth narratives over proper due diligence.
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Darnell returns to Regions, after fintech-focused stints at Visa and a community bank acquired by Huntington, as the bank accelerates its branch opening plans.
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New York Attorney General Letitia James and 12 of her peers alleged Monday that the personal installment lender surreptitiously adds costs for unwanted products. OneMain denied the claims.
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While it's moving away from embedding transactions in ChatGPT to funneling purchases through third parties, analysts say the artificial intelligence lab's shift doesn't dilute the threat large language models pose to traditional card issuers.
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The Alabama-based regional bank plans to open 135 to 150 branches over the next five years, while closing the same number. Regions' decision to accelerate its timeline by two years comes as large and regional banks try to capture more market share in the Southeast.
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