EDINA, Minn. - (06/14/05) -- Call it a consolation prize, if youwill. Dean Wickstrom, the president of Real Financial Centers CU,won't be seeing the $50,000 reward offered for his role in thecapture of the state's most prolific bank robber because employeesare not eligible for the prize. But Wickstrom, who helped trackdown the man responsible for as many as 25 credit union robberiesover a two-year period may end up with a prize anyway--anautographed replica of the robber's trademark fishing hat, worn inmany of the hold-ups. Wickstrom, who helped track the bandit forauthorities after the January robbery at his credit union, recentlyreceived a letter from jail the bandit, John Whitrock. In it the57-year-old serial robber apologized for scaring Wickstrom'stellers and offering an autographed replica of his signaturefishing hat. The man dubbed the Fishing Hat Bandit had read in thelocal newspaper about Wickstrom's request for the hat fromauthorities, who turned him down because the hat is evidence.Whitrock, who never showed a gun, pleaded guilty last month to 21counts of bank robbery and one count of attempted robbery and isbeing held in the county jail while awaiting sentencing.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3