A serial bank robber was mistakenly released for four hours after his capture last week after confessing to 16 area credit union and bank robberies since last July, including 10 in his hometown of Sandy. Three civilian employees at the Salt Lake County Jail failed to double-check the release date for Jeremy Van Duren and allowed the serial robber to walk away at 10 p.m. But the erroneous release of the robber, known as "Slim Jim" for his slender physique observed on surveillance videos, prompted a rapid manhunt and the bandit's re-arrest by 2 a.m. The jail employees had failed to notice that a judge had given prosecutors an extension for filing charges. Among the institutions Van Duren confessed to robbing are: America First CU and CU Service Center Van Duren told police he robbed the credit unions and banks to support a drug habit.
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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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North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
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