SUPERIOR, Wis. - (04/13/05) -- A 47-year-old local man wassentenced to nine years in jail Monday after pleading no contest tolast December's armed robbery of $6,000 from Superior Community CU.Thomas Burke handed the teller a demand note stating her lifedepended on handing over cash, then reached toward his pocket,implying he had a gun, though he was unarmed at the time, policesaid. Burke was arrested less than an hour later. Burke is expectedto spend five years in prison, with four years of supervisedrelease.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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