TYLER - Police believe a two violent robbers who hit First State Bank in Palestine are the same ones responsible for recent hold-ups at five other area institutions, including two credit unions. The First State Bank robbers had similar 'M.O.'s' as those in the other robberies; they leaped over the teller counters, rifled through the cash drawers, then escaped in stolen vehicles, police said. The pair, called the Takeover Bandits by police, are believed responsible for armed robberies at Kelly FCU, in Tyler, and East Texas Professional CU, as well as at Austin Bank, Citizens State Bank and Bank of America. In each case, the robbers stole getaway cars a day before the robbery, then abandoned them in various locations afterwards. All of them also occurred early in the morning, with no customers present.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










