INDEPENDECE, Mo. - (07/15/05) -- Two women were arrested here Tuesdayafter they allegedly kidnapped an 80-year-old member of UnitedConsumers CU on Monday, then forced him to take out a $5,000cashiers check. The two suspects, identified as Tammy Blake, 40,and Casundra McGill, 37, were each charged with first-degreerobbery, first-degree burglar, kidnapping and two counts of armedcriminal action. The two followed the man home Monday, where theyblindfolded him and tied him up. Later they took him to his creditunion and forced him to ask for a $5,000 cashiers check, policesaid. The women then drove the man around town to cash the checkthen released him unharmed. The suspects were traced by thedescription of their vehicle.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
October 20 -
Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
October 20