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 Dallas bank continues to advance a multiyear transformation strategy. On Thursday it laid out plans to expand its newly revamped private banking and family office business.
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Three months after the merger of equals between Pinnacle Financial Partners and Synovus Financial was completed, the company reported strong hiring trends. Executives say hiring success is key to the bank's growth strategy.
April 23 -
The Justice Department recategorized state and federally approved cannabis products from Schedule I to Schedule III, a move that falls short of full legalization but could ignite renewed interest from banks and credit unions in servicing state-legal cannabis businesses.
April 23 -
The Columbus, Ohio-based company added to its cash hoard as a cushion against any economic dislocation connected to the conflict in the Middle East. The move narrowed Huntington's expected net interest margin for 2026.
April 23 -
The company reached an inflection point for loan growth and posted its sixth consecutive quarter of improving credit. But CFO Perry Beberman cautioned that higher fuel prices and depressed consumer sentiment could eventually pressure its outlook.
April 23 -
A decline in Middle East travel and higher fuel prices should not put a major dent in the company's performance, execs said Thursday.
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