ALEXANDRIA, Va. - (01/09/06) The former manager of FairleighDickinson University FCU was banned from the credit union industryby NCUA Friday for embezzling about $2.2 million by opening a dozenaccounts under phony names, including one in the name of his cat.Daniel Doyle, Jr., 60, who confessed to using his teller code toopen accounts under several aliases, including Cocoa Tin, his cat,was sentenced in October to 46 months in prison and ordered to pay$1.7 million in restitution, the loss the credit union was able todocument. Also banned by NCUA Friday were: Marabeth Peets, formeraccounting supervisor at Sea Comm FCU, Massena, N.Y., forembezzling more than $410,000 from the credit union: KatherineWright, former manager of Texas First United FCU, for stealing$86,000 from the Forth Worth credit union; and Tracy Mayshack,former employee at Industrial CU, for theft of $60,00 from theWhatcom County, Washington, credit union. NCUA also banned: BonnieBlaising, former employee at Reliable FCU, Fort Wayne, Ind.; AmandaOlney, former teller at Syracuse Postal FCU, Syracuse, N.Y.; andJoyce Miles, former loan manager at ASHE FCU, Little Rock,Ark.
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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