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FOR IMMEDIATE
RELEASE
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Contact:
Robert M. Garsson
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June 29, 2007
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(202)
874-5770
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OCC Announces Cease and Desist Order against Commerce Bank
WASHINGTON – The Office of the Comptroller of the Currency announced today that it has issued a Cease and Desist Order against Commerce Bank National Association, Philadelphia. The order is available on the OCC’s Web site at www.occ.gov.
Related Links:
Stipulation (PDF)
Consent Order (PDF)
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# # #
The Office of the Comptroller of
the Currency was created by Congress to charter national banks, to oversee a
nationwide system of banking institutions, and to assure that national banks
are safe and sound, competitive and profitable, and capable of serving the
banking needs of their customers in the best possible manner.
OCC press releases and other information are available at
http://www.occ.gov. To
receive OCC press releases and issuances by email, subscribe at
http://www.occ.gov/listserv.htm.
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