MINNEAPOLIS - (02/08/05) -- A 56-year-old suburbanite wascharged in a 21-count indictment Monday with committing an 18-monthspree of credit union and bank robberies that marked him as thestate's most prolific bank robber. A federal grand jury chargedthat John Whitrock, of nearby Burnside, was the Fishing Hat Bandit,who robbed as many as two dozen credit unions and banks, many ofthem wearing his trademark fishing hat and high-water waders.Whitrock was charged with robbing 15 credit unions and six banksand one attempted robbery at a credit union. The bandit was finallyreeled in after hitting Real Financial CU on Jan. 7 when the creditunion's manager, Dean Wickstrom, chased him down and alerted policeto his hiding place, culminating in a guns-drawn capture near thecredit union. The indictment, a copy of which was obtained by TheCredit Union Journal, charges Whitrock stole a total of $87,000from the credit unions and banks, with a high of $12,877 taken fromMinnesota Building Trades FCU, and just $326 stolen from AmericaBank.
-
Bank of Montreal has introduced a tokenized cash and deposit platform, while the London-based Monument is partnering with the Midnight Foundation's distributed ledger. Also, Starling Bank's AI play, stablecoins gain ground in APAC and Africa and more in the American Banker global payments and fintech roundup.
5h ago -
In a new legislative package offered Wednesday, House lawmakers halved the deposit insurance limit offered in earlier deposit insurance reform bills coming from the Senate.
6h ago -
Draft legislative language meant to break an impasse on stablecoin yield circulating among stakeholders includes a lengthy list of exceptions to a ban on rewards for stablecoin holdings, making it unlikely to satisfy banks as negotiations continue.
6h ago -
The Financial Stability Oversight Council Wednesday published a proposed guidance focused on designating activities rather than individual firms for heightened prudential standards, making it more difficult for the council to designate firms going forward.
6h ago -
The Salt Lake City-based regional bank plans to grow its multifamily lending business by acquiring the agency lending business of a commercial real estate investment group. If the deal is approved, Zions would join a short list of banks that can underwrite and close multifamily loans on behalf of Fannie Mae and Freddie Mac.
6h ago -
2025 was Revolut's fifth consecutive year of net profitability. This year, the neobank has its sights set on expanding in the U.S., a key pillar of its global footprint.
7h ago








