HOUSTON - (10/03/05) -- A local man was charged Friday withfiling a phony claim with the Federal Emergency Management Agencyto receive $2,000 in Hurricane Katrina assistance through hiscredit union. According to a two-count indictment obtained by TheCredit Union Journal, Barney Spears, 38, filed an onlineapplication with FEMA in which he falsely claimed a primaryresidence in downtown New Orleans, and that the hurricane causedhim to have essential needs for food, shelter and clothing, thenhad had FEMA wire the available $2,000 in emergency aid to hisaccount at New Orleans FCU. But Spears has been working and livingfulltime in Houston since August 2004, the indictmentcharged.
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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