EUSTIS, Fla. – A robber used flowers to pull off a Valentine’s Day heist at Insight Financial CU on Monday, and the robbery was caught on surveillance.
The assailant was identified as 63-year-old Jack Otto, who used the flowers to hide a long shotgun, which he pulled out to demand cash from the teller.
Detectives said Otto came from the Gator’s Dockside Bar across the street and had stolen the gun from a friend.
Authorities are searching for the robber.
The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
Rising deposit costs have plagued banks in general, and the Tennessee bank had to pay up to bolster liquidity after its failed merger with TD. But First Horizon retained customers in the first quarter while not paying them the special rates they got last year.
