ROCK ISLAND, Ill. - (02/07/06) -- A local man pleaded guilty Friday tocharged he broke into a mail box then used checks he stole to passcounterfeit checks on area banks and credit unions. Ralph Rileypleaded guilty to 13 counts of bank fraud and one count of stealingU.S. mails and faces up to 30 years in prison when he is sentenced.Riley's scheme was to deposit counterfeit checks in the amount of$3,000, then drain the accounts of $900 before the credit union orbank had a chance to detect the bogus checks, according to the U.S.Attorney's office in Iowa. Riley fashioned the checks so they wouldlike those drawn on legitimate members or customers of theinstitutions. Riley was charged with hitting Deere Harvester CU,I.H. Mississippi Valley CU and four local banks.
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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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