The 52-year-old manager of Real Financial CU, who put his life on the line to chase down the Fishing Hat Bandit and locate him for police to capture, is probably out of the money when it comes to the $20,000 reward offered by the FBI for help in the arrest of the state's most prolific bank robber. FBI policy is that employees and managers of credit unions and banks are not eligible for the bounties offered in assisting the capture of criminals, according to Paul McCabe, special agent for the FBI, who added that any reward will be held in abeyance until the bandit is either convicted or found innocent. "Normal procedure is that we wait until the case has been adjudicated," McCabe told The Credit Union Journal. That probably means that Real Financial CU manager Dean Wickstrom, who police credited for the capture of the elusive serial robber, will not be receiving the reward, according to McCabe. The bandit, identified as John Whitrock, of nearby Burnside, is believed to be responsible for as many as 24 robberies over the past 18 months, all but two of them at credit unions.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
April 19 -
New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
April 19 -
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
April 19 -
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
April 19 -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
April 19