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Bank of the Cascades seeks to raise $100M
The parent company of Bank of the Cascades is seeking to raise nearly $100 million with a secondary-stock offering and a deal with a major investor in response to increased scrutiny by federal regulators. (CACB)
Biz Journal

European rates set to stay at record lows
Europe's two leading central banks are expected to keep interest rates unchanged Thursday and damp down any talk that borrowing costs will soon rise in the wake of a surprise rate hike by Australia's central bank to lift rates.
nwsource.com

Auto Broker Pleads Guilty To Bank Fraud
Andrew Crutcher has pleaded guilty to bank fraud. He was an auto broker and car salesman in Nashville and used investor money to make it appear as though he had plenty of cash in his bank account, but...
bignewsnetwork.com

Evergreen professor on leave in wake of school trips to Chile
Rebecca Moorman says the first clue that something was amiss with her field trip to Chile came when her professor at The Evergreen State College insisted her payment of more than $3,000 be deposited into his bank account. On Wednesday, a lawyer announced that Moorman and 12 other students on the monthlong 2008 trip are getting a partial refund, while the professor has been placed on administrative leave.
Seattle Post Intelligencer

Granite veterans move to Community 1st Bank
Roseville's Community 1st Bank, a 2005 startup, has hired away a veteran team of bankers from Granite Community Bank, including one of Granite's organizing founders, Carol Garcia.
Biz Journal

Study: CEO turnover lower in September
While chief executive turnover has decreased overall within the past year, top spots in the banking industry are still on shaky ground, according to a recent survey by Challenger Gray & Christmas.
Biz Journal

100 people arrested in identity theft ring bust
US and Egyptian authorities have charged nearly 100 people including three Las Vegans with helping an identity theft ring steal money from thousands of bank accounts.
KTNV

M&T Bank signs on as major sponsor of Baltimore Marathon
M&T Bank will be the official bank of the Under Armour Baltimore Running Festival. (MTB)
Biz Journal

First Citizens to sell bond trustee business to U.S. Bank
First Citizens BancShares Inc. has agreed to sell its bond trustee business to U.S. Bank, the Minneapolis company said Wednesday. (FCNCA) (USB)
Biz Journal

Guilty plea in attempt to defraud RBC, BB&T, Wachovia, BofA
A Raleigh man has pleaded guilty in federal court to bank fraud, mail fraud and access device fraud, according to a news release Wednesday from George Holding, U.S. Attorney for the Eastern District of north carolina. (BBT) (BAC) (RY)
Biz Journal

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