EDINA, Minn. - (09/15/05) -- Dean Wickstrom, the president ofReal Financial Center CU who helped bag the state's most prolificbank robber earlier this year, probably won't receive the $50,000FBI reward for his role because employees of credit unions andbanks are generally ineligible. But Wickstrom, who tracked theserial robber after he hit his credit union last January, thencalled police to alert them of the robber's hiding place, did comeaway with a souvenir for his troubles--an autographed copy of theheadgear of the eponymous Fishing Hat Bandit. Wickstrom had askedthe bandit, John Whitrock for the famous hat itself, but was toldthe FBI was holding on to it because it was evidence in a crime. SoWhitrock, the 57-year-old responsible for 20-something credit unionrobberies, sent along a facsimile hat that he had autographed.Whitrock, sentenced Tuesday to 15 years in jail, wore his famousfishing hat in most of the robberies, earning him the nickname, theFishing Hat Bandit.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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