Cali leaving Clinton Savings Bank.Byline: Jan Gottesman CLINTON - Tony Cali, president of Clinton Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , will be leaving the bank in September. Cali tendered his resignation to board Chairman David Ross David Ross refers to:
Ellen McGovern, vice president and director of marketing said Cali is taking another job within the banking industry in Massachusetts. "He's done a wonderful job here," McGovern said, adding, "Everyone here wishes him well. It is an amicable leaving." Cali's last day is Sept. 12, McGovern said. Cali was hired in April, 2005, to run Clinton Savings Bank, when Steve Cash left, amid some question about the bank's involvement with Gitto Global Corp., which filed for bankruptcy. Investigators from the FBI and the U.S. Attorney's office visited Gitto/Global in the days after its bankruptcy to obtain documents and information. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. documents filed in court, the U.S. Attorney's office was investigating whether the company or its officers committed acts that might result in criminal complaints. In October 2005, an independent examiner acting on behalf of the bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. released a 154-page report alleging that the company's principals organized a scheme to create fake customers in order to borrow more than $30 million from LaSalle Bank LaSalle Bank Corporation is the holding company for LaSalle Bank N.A. and LaSalle Bank Midwest N.A. With $116 billion in assets, it is headquartered at 135 South LaSalle Street in Chicago, Illinois. of Chicago. They then diverted some of that money for their own use, LaSalle alleges. Cali had held senior management positions at a number of leading regional banks and served as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Merchants Banks of Pennsylvania and Neworld Bank, North End, prior to taking the Clinton Savings Banks job. When it was hired, Cali worked for BNK BNK Bangkok BNK Bundesverband Niedergelassener Kardiologen eV BNK Banking Advisory Group, which provides investment advisory, strategic and analytical consulting services to community banks. In an Item interview in June 2005, Cali said, "I wanted to get back into a small community bank. I enjoyed being involved in the culture of a small community." ART: PHOTO CUTLINE: Tony Cali |
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