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.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17