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Vernon W. Hill II (born August 18, 1945) is an American businessman, the founder and former chairman of Metro Bank, a UK retail bank with 77 stores, [1] and assets of £7.4b ($10.6b). He was also the founder, former chairman, president and CEO of Commerce Bancorp of Cherry Hill, New Jersey , and chairman of pet insurance firm Fetch Inc.
Shares of Metro Bank fell nearly 30% as investors continued to dump the stock amid concerns over the quality of its residential mortgage loans.
When Commerce Bank was acquired by TD Bank in 2007, Commerce Bank Harrisburg was not included in the sale. In November 2008, Commerce Bank Harrisburg announced plans to acquire Republic First Bank of Philadelphia in a tax-free all-stock transaction and would be known as Metro Bank as the result of a merger. [21]
Metro Bank PLC is a retail and commercial bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010. [2] At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. [ 4 ]
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In 2008, the bank shifted from commercial banking to retail banking. In 2016, the bank named Commerce Bank founder Vernon Hill as chairman. [1] In 2016, Republic Bank operated 20 locations in Pennsylvania and New Jersey. [2]
The Smartest Bank Stock to Invest $500 In Right Now. Matt Frankel, The Motley Fool. November 29, 2024 at 7:22 AM. ... As an example, Bank of America has a price-to-book multiple of 1.35, ...