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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Banesco USA in Miami is among the banks that are eyeing the government-guaranteed lending program as a source of growth.
December 17 -
The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
December 17 -
The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
December 17 -
A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
December 17 -
Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
December 17 -
Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
December 17





