MODESTO, Calif. - (08/26/05) A robbery of Valley First Credit Unionhere went nothing but wrong for the trio of robbers almost from theoutset. Even before the robbery occurred, credit union staff phonedpolice about suspicious activities prior to two gunmen entering theCU, where they took one of the five employees into the safe toretrieve cash. The men then exited the branch, which is inside astrip mall, and attempted to scale a six-foot wall to reach agetaway car. According to witnesses, one of the robbers had a greatdeal of difficulty getting over the wall. The same witness thenwatched the gunmen climb into the trunk of a gold Buick, whichpolice soon found and began to tail. The robbers were unaware theywere being videotaped by a police helicopter. Police pulled the carover in a convenience store and ordered the driver to throw thekeys out. The driver said she was alone, but police thought it oddthe car was rocking. When police opened the trunk, they found twomen sweating and lying on top of loose cash.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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