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.
-
Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
3h ago -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
3h ago -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
4h ago -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
4h ago -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
4h ago -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
5h ago











