MINNEAPOLIS - (07/24/06)The U.S. Court of Appeals for the8th Circuit issued a ruling Friday confirming a 15-year prisonsentence for John Whitrock, the Fishing Hat Banditwho robbed more than 21 credit unions during a two-year spree.Whitrock, 58, pleaded guilty in May 2005 to 21 area credit unionrobberies, but never showed a weapon even though he implied he hadone. Whitrock later claimed he was only carrying a plastic squirtgun. U.S. District Judge Richard Kyle sentenced him to more thanthe seven-to-nine years in the federal sentencing guidelinesbecause of the threat to tellers. The ultimate sentence,roughly eight months imprisonment for each robbery, isreasonable, the appeals court ruled. Whitrock was arrestedin a dramatic incident when Dean Wickstrom, president of RealFinancial Center CU, tracked him after a hold-up at his creditunion and called police on his cell phone to tell them whereWhitrock was hiding. Prosecutors said the bandit, so-called becauseof a fishing hat he wore during most of the heists, stole less than$90,000 during his spree between 2003 and 2005.
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The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.
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BNY's Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.
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The Richmond, Virginia-based bank expects to build 10 branches in Raleigh and Wilmington, North Carolina, over the next three years. M&A is on the back burner as the company also works to capitalize on its recent acquisition of Sandy Spring Bank in Maryland, CEO John Asbury said.
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The North Carolina bank is the latest lender impacted by the bankruptcy of U.S. auto parts maker First Brands. First Citizens executives said credit was in good shape overall.
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The agents could overcome the consumer inertia that keeps people in low-yield bank accounts, the consultants say.
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The credit card issuer added two programs with home goods retailers Raymour and Flanigan and Bed Bath and Beyond during the quarter while also increasing its stock buyback allocation and dividend payouts.
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