STINNETT, Texas - (04/19/05) -- Prosecutors testified last week thata former teller at Borger 66 FCU embezzled almost $180,000 bymoving funds from accounts of members who were mostly elderly orphysically inactive who were less likely to check their balances ona regular basis. The ex-teller, Sandra Porter, 44, moved as much as$1.1 million in and out of various accounts to mask her scheme,prosecutors testified during a bail hearing in state court. Some ofthe funds, about $35,000, were deposited in an account at AmarilloNational Bank for the First Church of the Nazarene, where Porter'shusband is minister, while thousands more was deposited at nearbyPantex FCU, where her daughter has an account, they said. Porter'srequest to reduce $1 million bond was denied by the judge and shewas sent back to Hutchinson County Jail after thehearing.
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The payment network, which posts second-quarter results next week, noted localized boosts in payment volume near match sites in cities such as Boston, New York and Guadalajara.
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A Securities and Exchange Commission proposal to change reporting requirements for public companies has drawn mixed reactions, with some groups warning that reduced transparency could harm markets.
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Following a recent approval by the European Central Bank, Banco Santander's pending acquisition of Webster Financial is expected to close before the end of 2026, executives said. There's been concern that the deal could get tangled up in tensions between the U.S. and Spain.
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The planned acquisition of Finward Bancorp would bolster the Ohio bank's growing Chicago-area franchise, creating a platform big enough to support an organic buildout.
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