ST. PAUL, Minn. - (05/09/05) -- A man who menaced area credit unionsover two years wearing a trademark fishing hat and deep-waterwaders pleaded guilty Friday to 21 robberies and one attemptedrobbery, almost all of them at credit unions. John Whitrock, 57,dubbed the Fishing Hat Bandit for his preferred dress during theheists, is believed to have robbed as many as 25 area credit unionsand banks--making him the most prolific bank robber in statehistory--but he never showed a gun. "Remember, this is a guy whowent into the bank and asked for the money and they gave it tohim," Whitrock's attorney, Andrea George, said after Friday's courtplea. Authorities finally reeled in the Fishing Hat Bandit onJanuary 7 when Dean Wickstrom, president of Real Financial CenterCU, tracked him after a hold-up at his credit union and calledpolice on his cell phone to tell them where Whitrock was hiding.Most of the robberies involved small amounts, between $326 and$12,877, netting the Fishing Hat Bandit less than $90,000, intotal. Whitrock faces up to 20 years in prison for each robberycount when sentenced.
-
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
February 9 -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





