PITTSBURGH, Pa. - (01/16/06) A dangerous credit union robberwho was recaptured in 2004 after a dramatic man-hunt, fell to hisdeath last week trying to escape from the Allegheny County Jail.The body of Franklin Sebetich, 58, who was sentenced to 20 years inprison for the 1979 armed robbery at Cal-Ed CU, was found earlyThursday morning outside the prison wall, where he had fallen 16stories. Sebetich broke through a security window, pushed out ametal screen, and pried off a metal bar in his cell, authoritiessaid. Prison officials found a rope fashioned from sheets andinmate uniforms in his cell. In 1984 Sebeticj was convicted ofhelping two other armed men rob Cal Ed CU. Following the robbery,Sebetich fired several shots from a handgun out of a speedingpickup truck during a 22-mile chase. Sebetich, who had a longcriminal record, was released from prison in 2003, then ran afoulof the law again when police tried to arrest him for a homeinvasion. He led them on a two-day chase that ended when they usedtear gas to flush him out of an abandoned coal mine.
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The Federal Deposit Insurance Corp. is arguing that Colorado has the right to establish an interest rate cap that all state-chartered banks must follow. Three industry groups are suing the state in an effort to stop its attempted crackdown.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
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The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
April 26 -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
April 26