SALT LAKE CITY - (10/06/05) -- The son of a state judge pleadedguilty Tuesday to bank fraud and identity theft in the theft of asmuch as $50,000 from America First FCU. Mathew Rodney Page, 40, ofKaysville, faces a minimum sentence of two years in jail on thecounts. Page admitted to using the Social Security number and birthdate of Mathew L. Page, 40, of Salt Lake City, to get loans andopen credit card accounts at the credit union. The two men are notrelated. Page is the son of 2nd District Court Judge Rodney S.Page.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
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