SAN DIEGO - (06/13/05) -- A 35-year-old female bandit, calledthe most prolific female bank robber in recent California history,was sentenced last week to six years and eight months in jail for ato a two-year crime spree that terrorized bank and credit unionemployees and customers over two years. Shannin Marsh, who policebelieve was responsible for as many as a dozen armed robberies atarea financial institutions and businesses, as well as a series ofbomb threats at the U.S. Marines' nearby Camp Pendleton, pleadedguilty to seven felony charges in April. Marsh wept as sheapologized to her husband of 16 years and her two teenage children,who she said she had embarrassed. Marsh, who authorities likened tobank robber Bonnie Parker, of Bonnie and Clyde fame, was identifiedby an employee at Pacific Marine CU from a surveillance video asthe woman who robbed the credit union in September 2003, and againlast October. Marsh is also believed to have robbed USA FCU andGreat American CU.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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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