CHATTANOOGA, Tenn. - (02/21/06) A local woman was sentenced to10 months behind bars for passing more than $70,000 in bogus checksat branches of AEDC FCU. Spring Langford, 28, was arunner for the man who produced the counterfeitchecks, police said. Her co-defendant, Andre Williams, who policedescribed as a career criminal, has yet to be sentenced.Authorities said Williams recruited Ms. Langford and others to cashthe counterfeit checks after he procured numerous checks purportingto be drawn on the checking account of Stewart Security Systems andNHC Homecare. The counterfeit checks were made payable to variousof those in the Williams ring and were cashed at various AEDC FCUbranches.
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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