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Clashes continue in row over Indonesia's Century Bank bailout

Anti-government protesters scuffled for a second day with police outside the Indonesian parliament on Wednesday, as inside lawmakers argued over ...

Revere Man To Serve Jail Time For 10 Bank Robberies

A convicted bank robber from Revere will serve over eight years in prison after he robbed 10 different banks in a span of just 19 days during the months of December 2016 and January 2017.

U.S. District Court Judge Allison D. Burroughs on Oct. 11 sentenced Fred Mandracchia, 36, to 100 months in prison, three years of supervised release and ordered him to pay restitution of $16,695 to the banks he robbed.

According to court documents, federal prosecutors initially asked for a sentence of 151 months of jail time for Mandraccia.

Mandracchia plead guilty in July to robbing 10 bank branches in Massachusetts: People’s United Bank in Boston; Century Bank in Boston; Citizens Bank in Boston; East Boston Savings Bank in East Boston; Commerce Bank in Boston; Citizens Bank in Boston; Brookline Bank in Malden; East Boston Savings Bank in South Boston; Mechanics Cooperative Bank in Fall River and Meetinghouse Bank in Dorchester.

Following the robbery of the Mechanics Cooperative Bank , law enforcement identified Mandracchia as the individual responsible. Based on similarities in the robberies and the physical description of the perpetrator, Mandracchia was suspected to have also been involved in nine other Boston-area bank robberies. Mandracchia was arrested in Chelsea on Jan. 7, 2017, and confessed to robbing all of the banks.

Changes coming at three New Mexico banks

Sowards to lead Century Bank

LAS CRUCES - Paul Sowards will become President and CEO of Century Bank on January 1, 2018. This will coincide with Don Padgett’s decision to retire from Century Bank effective December 31, 2017. Paul is currently vice chairman of the board and senior lender of Century Bank. Bryan “Chip” Chippeaux will remain as chairman of the board and chief operating officer of the bank.

Sowards started at Century Bank in 2009 and has worked in banking his entire career. He moved to New Mexico in 1987 to begin a career with Sunwest Bank which later became Bank of America. He later joined Bank of Albuquerque where he served as president until March of 2008. He has a commitment to community and has served on many non-profit boards and other community development organizations including the Greater Albuquerque Chamber of Commerce, the Rio Rancho Regional Chamber of Commerce, the Great Southwest Council of Boy Scouts of America, Presbyterian Health Plan, ACCION New Mexico, and the Rio Rancho Community Foundation among others.