GREENWOOD, S.C. - (02/03/06) A suspect who was arrestedminutes after allegedly holding up State CU two weeks ago hasconfessed to 17 robberies in 11 counties around the state,authorities said. Hes given us written statements inall of them Tara Scott, a spokesman for the Greenwood CountySheriffs Department, told The Credit Union Journal, LynellDyches was arrested outside the Dairy Queen, down the street fromthe credit union, where he apparently changed out of a disguiseafter the State CU heist. Police recovered the disguise and a gunthey believe Dyches used, as well as some of the loot taken duringthe string of robberies. They also recovered 40 sets of keys fromstolen vehicles, some of which they believe he used as getaway carsduring the robberies, said Scott. Dyches was charged with 17 countsof bank robbery, including the Jan. 13 heist at State CU and anOctober robbery at Seaboard CU, in Abbeville, S.C.
-
The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
May 3 -
A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
May 3 -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -
The efforts, which respond to President Biden's October executive order on AI, aim to improve synthetic content detection and improve the trustworthiness of AI models.
May 3 -
Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
May 3 -
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
May 3