SEATTLE - (02/01/05) -- A 41-year-old Vancouver, Wash., manwas sentenced last week to 20 years in prison after he confessed to10 robberies in the Puget Sound area--eight of them at creditunions. Clifford Uptegrove was arrested last March 25 after herobbed Riverview Community Bank in Hazel Dell, Wash., of more than$13,000, then made his getaway on a bicycle. Witnesses calledpolice when they saw Uptegrove loading the bike in a van becausethey thought he was stealing the bike. When questioned by policeUptegrove confessed to robbing the 10 institutions, includingKennewick Community FCU on March 1, 2001; Spokane City CU on July1, 2002; Oregon Central CU on July 3, 2003; Kennewick Community FCUagain on August 27, 2003; Spokane City CU again on January 27,2004; Oregon Central CU again on February 6, 2004; and Olympia CUon March 1, 2004.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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