WICHITA FALLS, Texas - (04/24/06) -- A former teller at Wichita FallsTeachers FCU was sentenced Friday to 27 months in prison andordered to pay $325,000 in restitution for a multi-year scheme tosteal cash from the credit unions vaults. Amy Henry Berendwas given the maximum sentence and was ordered to reportimmediately to federal prison. The cash shortage was discovered bythe credit union during an audit. Berend concealed the cashshortage by falsifying credit union documents to overstate theamount of funds in the cash dispenser, by posting cash transactionslate to make the shortage in the vault appear less than the actualshortage, and by indicating that funds had been transferred to anATM.
-
FirstSun Capital Bancorp plans to buy First Foundation in an effort to accelerate its Southern California growth. The $785 million transaction follows FirstSun's failed takeover of Seattle-based HomeStreet.
14m ago -
The acquisition of the prime-focused U.S. fintech is expected to boost Barclays' return on tangible equity and digital capabilities starting in 2027.
1h ago -
The payment company launched new tools for merchants and entered artificial intelligence collaborations with OpenAI and Mastercard ahead of the company's second quarter earnings, which beat analyst expectations.
1h ago -
A proposal from the Office of the Comptroller of the Currency would roll back Biden-era recovery planning rules for banks between $100 billion and $250 billion in assets, leaving those banks with broad discretion to determine their own recovery protocols.
1h ago -
Capital One, PNC, Truist and, U.S. Bancorp are urging regulators to cut duplicative calculations and align U.S. rules with global standards, a longstanding preference for banks but one that will likely find a warm reception from a deregulation-focused Trump administration.
6h ago -
In an environment of persistent economic unease, banks have a unique opportunity to help small businesses, Sekou Kaalund, U.S. Bank's head of branch and small business banking, said at American Banker's 2025 Small Business Banking conference.
7h ago





