Bank Credit Card Guide & Banking News

U.S. finds no crime by Hill, bank - Philiy.com
Commerce Bank founder Vernon W. Hill II, who was driven out of the Cherry Hill institution amid an investigation by federal banking regulators, came pretty close to being vindicated yesterday. The Office of the Comptroller of the Currency, which was ...
Posted: Tue, 18 Nov 2008 13:46:00 GMT

Former Commerce bank CEO must curb real estate dealings - Morris County Daily Record
Vernon W. Hill II, former CEO of Commerce Bancorp Inc., must curb real estate deals with banks in a settlement reached with regulators. Hill must also pay $4 million to TD Bank, which acquired Commerce in March. But the iconoclastic banker incurred ...
Posted: Wed, 19 Nov 2008 08:51:00 GMT

Former Commerce Bank Chairman Hill cleared in investigation - Philadelphia Business Journal
The Office of the Comptroller of the Currency ’s two-year investigation of former Commerce Bancorp Inc. Chairman Vernon W. Hill III has ended in an order that could restrict Hill’s bank-related real estate dealings but includes no charges of ...
Posted: Tue, 18 Nov 2008 15:04:00 GMT

Regulators: No crimes by Commerce Bank founder - BusinessWeek
Federal regulators say Vernon Hill, the ousted founder of Commerce Bank, did not commit any crimes. The federal Office of the Comptroller of the Currency says it will not pursue a criminal case against Hill. Hill founded Commerce Bank in the 1970s in ...
Posted: Tue, 18 Nov 2008 19:15:00 GMT

TD Bank wins suit over Hill's use of red "C" - Philiy.com
Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an ...
Posted: Wed, 19 Nov 2008 14:20:00 GMT

Commerce Bank settles $545 million auction-rate securities case - St. Louis Post-Dispatch
Secretary of State Robin Carnahan said Wednesday she has reached an settlement with Commerce Bank involving the sale of $545 million in auction-rate securities to 140 investors. Commerce announced in August that it would buy the same securities back ...
Posted: Tue, 18 Nov 2008 23:54:00 GMT

Bank of Commerce Promotes Three Executives - dBusinessNews.com
Charlotte-based Bank of Commerce has promoted three executives: Chief Financial Officer David Keul to the position of Executive Vice President; Chief Lending Officer Derek Thompson to the position of Executive Vice President; and Stewart Hester to ...
Posted: Mon, 17 Nov 2008 17:36:00 GMT

Commerce Bank won't apply for U.S. money - St. Louis Business Journal
Commerce Bank announced today it will not apply for money available through the U.S. Treasury ’s $250 billion Capital Purchase Program. “Commerce’s earnings, capital and liquidity are strong and sufficient to grow our business and take ...
Posted: Fri, 14 Nov 2008 16:56:00 GMT

State releases $500,000 for Commerce Bank Park - Patriot-News
Gov. Ed Rendell released a list of 316 conservation and recreation projects in the state that will cost a total of $44 million, including a half-million dollars for Commerce Bank Park in Harrisburg. Funding for the grants comes from the Department of ...
Posted: Tue, 18 Nov 2008 20:12:00 GMT

UPDATE 1-Ex-Commerce Bank CEO to pay $4 mln to settle probe - FXStreet.com
WASHINGTON, Nov 17 (Reuters) - Vernon Hill, former chief executive of Commerce Bancorp Inc, agreed to pay $4 million to settle allegations of unsafe banking practices, regulators said on Monday. Commerce forced Hill out in June 2007 after regulators ...
Posted: Mon, 17 Nov 2008 21:18:00 GMT