WILMINGTON, Del. - (03/11/05) -- A former treasurer for U.S. SenatorJoseph Biden's reelection campaign was sentenced to three years inprison Thursday for stealing more than $412,000 from the DelawareDemocrat's campaign treasury and laundering some of it to hiscredit union account. Roger Blevins, III, 34, pleaded guilty to onecount of interstate transportation of stolen property in connectionwith last April's transfer of $80,000 of the funds to his accountat Fairwinds CU in Orlando, Fla. The former assistant campaignmanager for Biden spent the senator's money "to fund his ownpersonal fantasy," according to Assistant U.S. Attorney April Byrd.Blevins spent the money on three individuals he met through a gaypornographic web site, where visitors could watch and interact withthe performers in Florida. Blevins made 23 unauthorized transfersfrom the campaign treasury, the largest of which went to his creditunion.
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The transaction, which would give Huntington a top-five market share in both Dallas and Houston, comes just a week after the Ohio-based buyer closed its last Texas acquisition.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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