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Robber of 13 county banks sentenced

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By: Ayesha Ahmad
October 25, 2005

A District man has been sentenced to 87 months in prison after being charged with robbing 12 banks in Prince George’s County between June 7 and Oct. 28, 2004.

David Antonio Massey, 25, made off with a total of $61,184 from the following banks over the five-moth period last year: SunTrust banks in Lanham, Greenbelt and Landover; Chevy Chase banks in Largo, Beltsville, Lanham, Landover Hills, Greenbelt and College Park; Wachovia banks in District Heights and Oxon Hill; Provident Bank in Largo and M & T Bank in Oxon Hill.

Massey was arrested along with two co-defendants on Oct. 28, 2004, after robbing the Chevy Chase Bank at 6107 Greenbelt Road in Greenbelt.

Massey was sentenced for conspiracy to commit bank robbery and bank robbery. His sentence will be followed by three years of supervised release. A co-defendant has also been ordered to pay restitution in the amount of $52,736.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.