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.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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