Feds settle with Commerce's Vernon Hill; ex-CEO in talks with TD
The federal Office of the Comptroller of the Currency has ended its investigation of former Commerce Bank CEO Vernon Hill by ordering him to comply with conflict-of-interest rules when he does future real estate deals with banks where he's an officer. Hill says he's vindicated.
- Prior Cease and Desist Order (dated June 28, 2007) http://www.occ.treas.gov/FTP/EAs/ea2007-065.pdf