LAKELAND, Fla. - (01/25/05) -- Polk County sheriff's deputies shotan alleged serial robber late Monday night after the suspect robbedMidFlorida CU, then held a woman hostage at a local motel. WesleyCaruthers, 39, was shot at least once outside his room atCrossroads Motor Lodge, then rushed to the hospital for treatment,were he was being guarded. It's unclear if Caruthers was armed.Police had been hunting for Caruthers since midafternoon, when heallegedly held-up the credit union's branch in nearby Bartow. He isalso suspected in at least four other recent bankrobberies.
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The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
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Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
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A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
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A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
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The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
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