CORTEZ, Colo. – A mom-and-daughter team who robbed Southwest Colorado FCU last year were rustled off to jail on Friday. Donja Vaughn and her 62-year-old mother, Sharon Vaughn, were sentenced to three years and 12 years in prison for stealing horses in Kansas and Utah while they were in the horse-breeding business. “This case indicates that Colorado still takes horse thieves very seriously,” said state Attorney General John Suthers after the sentencing. The mother-and-daughter bandits are scheduled to be sentenced later this summer for the May 2005 robbery of $105,000 from the credit union. Mother and daughter were arrested after police searched their apartment and discovered more than $40,000 in credit union loot hidden there. They first became suspects when Sharon Vaughn tried to pay her back rent with $20,000 in $20 bills stolen from the credit union. The two women tried unsuccessfully to commit suicide after they learned police were on to them.
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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