SKOWHEGAN, Me. - (02/07/05) -- The eldest of two teenage brotherswho robbed Franklin-Somerset FCU twice last year was sent to prisonFriday for six years. James 'Tony' Wildes, now 19, was convicted ofrobbing the credit union's Madison branch of $15,000 on July 6,then of $30,000 five weeks later, on Aug. 12. He was ordered to pay$15,000 restitution after his lawyer argued he didn't have the restof the money and was in no condition to raise it, especially afterhe goes to prison. Wildes' 16-year-old brother Christopher, whohelped in the dual credit union heists, will be in a juveniledetention center until he reaches the age of 20.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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