LYNNWOOD, Wash. - (11/22/04) -- A 60-year-old grandmother of 10helped capture a suspected identity thief last week when she heldthe man long enough for police to catch up to him. Janice Lewis wasentering a local department store when she saw the suspect,handcuffed and in his underwear, running towards her, so shegrabbed the man's jacket and held on till he was tackled by apolice officer. The suspect had been collared in Verity CU tryingto use a member's account that wasn't his, but he ran off after hewas handcuffed, leaving is baggy pants behind as they slid down hisankles. He flipped off his shoes and wriggled out of his pants,then ran off. as he ran towards Lewis, she grabbed him and held onuntil police were able to catch up.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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