ORLANDO, Fla. - (09/21/05) -- A man charged with shooting to deatha Fairwinds CU teller during an armed robbery last year was foundincompetent to stand trial Monday. Instead, Luc Termitus, Jr., 21,was ordered treated at a state psychiatric hospital and evaluatedfor 90 days, when a redetermination will be made on his competenceto stand trial. Termitus is charged with shooting Sue EllenGelsinger in the head while trying to rob the credit union on Sept.7, 2004. He ended up leaving the credit union without any cash. Apsychiatrist's report found Termitus has an IQ in the low 60s,placing him in the mentally retarded range of functioning, andsuffers from auditory hallucinations and paranoid ideas. Termitustold police he meant to pistol-whip the credit union teller, butbecame frustrated when Gelsinger, a new hire, was unable to openthe vault and the gun went off.
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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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North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
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