Commerce Bank Alumnus Says CEO Involved In Probed Deals

Law360, New York (May 15, 2013, 9:17 PM EDT) -- A TD Bank NA executive on Wednesday told a New Jersey federal jury that his former boss, Commerce Bancorp founder Vernon W. Hill II, was directly involved in deals that attracted regulatory scrutiny and led to his ouster, as the jury considers awarding Hill a $17.2 million severance.

Fred Graziano, TD Bank’s head of commercial and government banking, started under Hill at Commerce in March 1992, where he has remained through TD’s absorption of Commerce in 2008. Graziano oversaw retail banking at Commerce and witnessed Hill’s...
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