SAN DIEGO - (11/05/04) -- Police staked out a San Diego CountyCU branch here Wednesday afternoon after a woman who robbed GreatAmerican CU in nearby Poway asked a teller for directions to thesecond credit union. The robber made off with $3,000 from GreatAmerican CU after passing the teller a note demanding cash andasking for directions to the San Diego County CU branch, policesaid. Police searched the area around the Great American CU butwere unable to locate the bandit.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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