A former ally is trying to throw Republic Bank’s chief executive off the board.
George Norcross, a Democratic power broker in New Jersey, wants Vernon Hill out after years of subpar performance at the Philadelphia-based bank, which has branches in Manhattan.
Norcross was once a colleague and key ally of Hill’s. He was the lead director at Commerce Bank and an insurance executive there while CEO Hill built the lender into one of the area’s most successful.
After Hill was defenestrated in 2007, over payments made to his wife for designing branches, he launched Republic and tried to mimic the success he had at Commerce by keeping
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