PEARL RIVER, N.Y. - (05/23/05) -- Police put out an all-pointsbulletin across the country to see if any robberies were committedlike the one here last Wednesday when armed assailants dressed inlaboratory coats and surgical masks accosted employees at PalisadesFCU as they arrived to work, then emptied the vault of $219,000 incash. The heist followed by just hours the delivery of cash to thecredit union the previous night, so detectives were looking closelyat the timing of the hold-up. The robbers' disguises are similar togear wore by workers at nearby Wyeth Laboratories, who frequent thecredit union, police said. The thieves bound 10 credit unionemployees with plastic wrist restraints, like the kind used bypolice, while forcing one of them at gunpoint to open thevault.
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The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.
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The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.
October 22 -
U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.
October 22 -
Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.
October 22 -
Farmers National Banc Corp. in Ohio plans to acquire in-state rival Middlefield Banc Corp. in a deal that will deepen the buyer's footprint in Columbus.
October 22 -
An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.
October 22