United Bank replaces leader
Article Abstract:
United Bank of Philadelphia, which is the city's largest African American-run bank, announced it has replaced its chairwoman and president and may consider raising customer fees. The decision follows an announcement by the Federal Reserve Bank to impose tighter spending controls on the financially troubled bank.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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Jefferson Bank founder quits Hudson United board; Betsy Z. Cohen sold the stock she received in the bank's sale. Cofounder William Lamb also left the institution
Article Abstract:
Two Jefferson Bank founders leave now that Hudson United Bankcorp is in charge after the acquisition. William Lamb sold his $13 million stake the same day as Betsy Z. Cohen sold her $23 million stake. These and other employees along with some longtime bank customers are looking for a more palatable place to bank or work. Severe cost-cutting measures and operating more and more out of its New Jersey headquarters have taken away the hometown culture for many.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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Pa. chief suddenly quits at 1st Union
Article Abstract:
Charles P. Connolly, First Union National Bank's top Pennsylvania official, stated yesterday that he is leaving the bank at the end of the year.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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- Abstracts: Pa. audit faults shipyard expenses; the auditor general says Kvaerner used government funds to pay for barbecues, art and moving expenses
- Abstracts: Aramark will acquire unit of ServiceMaster; the $800 million deal for the facilities-services business adds clients such as Princeton and Delta to the Phila. firm's list