Vernon Hill's Magic as CEO Was Also His Downfall

Sraeel, Holly
August 2007
U.S. Banker;Aug2007, Vol. 117 Issue 8, p8
Trade Publication
The author reflects on the downfall of Commerce Bancorp CEO Vernon Hill. She claims that Hill was forced to resign after an insider transactions investigation involving Commerce Bank and family-held businesses prompted the Office of the Comptroller of the Currency to give a cease-and-desist order. She states that Hill paced onto the banking stage with an ambitious goal of eliminating every unwise bank rule standing in the way of serving customers and increasing deposits.


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