BATON ROUGE, La. - (03/16/06) A local woman who was scheduledto report to prison in a matter of 10 days after being convicted ona half-million-dollar tax fraud, tried to deposit a phony $69,700IRS check using her fathers Social Security number into anaccount at Key Point FCU, authorities said. Sherrie Benson, 32,pleaded guilty Tuesday to illegal use of a Social Security number.She faces up to five years in prison on the charge, and anadditional 10 years because she committed the crime while onsupervised release. On Tuesday, Benson admitted she used herfathers Social Security number five times to get creditunion loans to but two Porsche Boxsters, a home mortgage, and aperson loan, as well as open a new business account at the creditunion.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
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Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
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Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
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The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
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American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
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American Banker is accepting applications for the Best Banks to Work For program. The annual ranking, which is now in its 14th year, is a showcase of banks that prioritize strong employee engagement, a positive corporate culture and plenty of employee support.
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