Ex-Bank Of Rhode Island CEO To Head Foreclosure Talks

Law360, New York (January 6, 2012, 1:46 PM EST) -- A Rhode Island federal judge on Thursday tapped a former bank CEO and longtime Providence lawyer to prod lenders and special servicers to negotiate with hundreds of homeowners facing foreclosure in the state.

Merrill W. Sherman — who headed Bank of Rhode Island until Tuesday, when its $234 million acquisition by Boston-based Brookline Bancorp Inc. closed — will have the authority to force lenders, servicers and other stakeholders to negotiate with troubled homeowners.

U.S. District Judge John J. McConnell Jr. appointed Sherman as special master in...
To view the full article, register now.




Case Information

Case Title

Tracy et al v. Deutsche Bank National Trust Company et al

Case Number



Rhode Island

Nature of Suit

Real Property: Foreclosure


John J McConnell (2), Jr

Date Filed

January 21, 2010

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.