TITLE

Commerce Reeling From Charges in Bond Probe

AUTHOR(S)
Engen, John
PUB. DATE
September 2004
SOURCE
U.S. Banker;Sep2004, Vol. 114 Issue 9, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the indictment of two Commerce Bancorp Inc. executives on federal charges that they gave a personal loan and various perks to Corey Kemp, former city treasurer of Philadelphia, Pennsylvania, in exchange for city deposits and bond underwriting business. Reaction of Commerce chief executive Vernon Hill; Suspension of the two executives Glenn Holck and Stephen M. Umbrell.
ACCESSION #
14276815

 

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