TEMPE, Ariz. - (07/07/05) -- Two California men were found guiltylast month of engineering two interstate armed robberies at localcredit unions in 2002 that netted almost $300,000. The two men,Jonathan Hunter and Derrick McCreary, masterminded the two heistsfrom their Los Angeles base by scouting out the credit unions, thenrecruiting Los Angeles gang members to serve as the gunmen, withoutparticipating in the robberies themselves, according toprosecutors. The two were found guilty of planning a January 2002hold-up at Tempe Schools FCU when $182,293 was stolen, as well as arobbery a month later at Safeway FCU when $106,470 was taken.McCreary traveled to Tempe to sketch out the credit union floorplans and Hunter enlisted the gang members, then they drove thegangsters across the desert the night before the robberies. In thehours before each hold-up the two stole a getaway car to facilitatethe escape of their accomplices. The two criminal masterminds usedtext messages transmitted over cell phones to communicate theirplans, some of which were used as evidence to convictthem.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12