- ST. PAUL. Minn. (04/15/02) - A Navy Corpsman,decorated for bravery in the 1987 attack on the USS Stark by Iraqimissiles, withdrew his guilty plea Friday for the commando-stylearmed robbery last May 3 at Red Wing CU in nearby Red Wing, whichdefense attorneys attributed to post-traumatic stress disorder.Lawyers for Mark Samples told the federal court Samples, 24 at thetime, was permanently scarred by the Persian Gulf attack, in which37 fellow crewman were killed. Samples pleaded guilty last Augustto the credit union heist in which he rode a bicycle to the creditunion dressed in black scuba divers pants and a green raincoat,then used a semiautomatic handgun to rob the credit union, beforefleeing with $70,000 in cash cradled under his arm. He then rodethe bike to the nearby banks of the Mississippi River where hespent the next eight hours submerged in the water as he hid frompolice pursuers. After emerging, he drove to the local VeteransAdministration Hospital, where he gave himself up while stillsoaking wet. Samples' family and friends, including the governor ofWest Virginia, sent dozens of letters to the federal court seekingclemency based on Samples' clean record, his patriotism and hisson, three-year-old Christopher, named after his best friend, whodied on the Stark. A trial date has not beenscheduled.
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The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.
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Direct-to-consumer earned wage access provider EarnIn is rolling out Live Pay, a service that "streams" consumers' paychecks via a Visa card. It's a model banks could replicate.
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Deal for Clay County Savings Bank leaves Verimore Bank primed to add market share in a fast-growing Kansas City neighborhood
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Columbus-based Northwest Bancshares finalized its acquisition of Penns Woods Bancorp; Barclays becomes the second U.K.-based bank to leave the Zero Banking Alliance; BankUnited announces the appointment of Michael Mitchell as executive vice president, director of branch banking; and more in this week's banking news roundup.
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First Foundation is in transformation mode, after a capital infusion and new management gave it some power to remix its challenged balance sheet. But the bank just took its third quarterly loss out of the last four quarters.
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The Cleveland bank is working with Personetics to provide advice and help to digital banking customers that takes into account their circumstances, current transactions and history.
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