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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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17