ST. PAUL, Minn. - (05/02/05) -- The Fishing Hat Bandit, who menacedmetropolitan area credit unions for a year-and-a-half, is expectedto withdraw his plea of innocence and plead guilty to some of the22 charges pending against him later this week.Fifty-seven-year-old John Whitrock, of nearby Burnside, pleaded notguilty in February to 21 robberies and one attempted robbery--16 ofthem at credit unions--in what was the most prolific string ofbanking robberies in the state's history. Authorities believe hemay have been responsible for as many as 25 robberies during an18-month spree. He is scheduled to appear in federal court Fridayfor a change-in-plea hearing. Whitrock, nicknamed for hispreference of a floppy fishing hat and deep-water waders duringmost of the heists, was arrested Jan. 7 after robbing RealFinancial CU, when the credit union manager, Dean Wickstrom,followed him during his getaway and alerted police to his hidingplace.
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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.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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