ORLANDO, Fla. - (12/07/04) -- A would-be robber who shot aFairwinds CU teller to death Sept. 11 was apparently hoping damagefrom Hurricane Frances the day before would divert police fromcovering the credit union. But the ploy backfired on 20-year-oldLuc Termitus, as police patrolling the neighborhood to review stormdamage responded immediately to the shooting and arrested theassailant in less than a minute. Termitus was scheduled to go ontrial Monday for the incident, in which 55-year-old Ellen Gelsingerwas shot dead just weeks after she was hired by the credit union.Termitus told police the shooting was accidental and the gun wentoff when he hit Gelsinger in the head after she told him shecouldn't open the vault.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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