Losses & Lawsuits


Commerce Bancorp

In a case that the Philadelphia press has billed as one that represents the city’s ‘pay-to-play’ culture, two executives with Cherry Hill, New Jersey-based Commerce Bank were indicted in July 2004 in a scandal involving allegations of corruption, illegal payments in exchange for municipal bond deals and ‘sweetheart deals’. The two employees were the president of the bank’s Pennsylvania operations, Glenn Holck and a regional vice-president, Stephen Umbrell – both of whom were

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here