ST. PAUL, Minn. - (09/14/05) -- John Whitrock, the mild-mannered57-year-old who robbed as many as 24 credit unions over two years,was sentenced Tuesday to 15 years in prison and ordered to pay$97,000 in restitution. Whitrock, who never showed a gun in any ofhis hold-ups, confessed to 19 robberies, but is believed to havebeen responsible for as many as 25--making him the most prolificbank robber in the state's history. Whitrock, dubbed the FishingHat Bandit for his preferred headgear during the heists, wasfinally reeled in on January 7 when Dean Wickstrom, president ofReal Financial Center CU, chased him after a hold-up 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.
-
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.
1h 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.
1h 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.
2h 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.
2h ago -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
2h 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.
3h ago











