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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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.
March 20 -
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.
March 20 -
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.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
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.
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