United Bank suit accuses founder of enriching herself, family; it alleges that Emma Chappell's "fraudulent misconduct" cost the institution more than $1 million

Article Abstract:

Pennsylvania's largest black-run bank, United Bank, is suing its founder, Emma Chappell, for financial mismanagement rising to $1 million in 1999. Her alledged fraudulent and personal schemes involved everything from nondisclosure to federal regulators to charging employees to park in her lot next to the bank. Since her departure in May, the bank has had its first profitable month since its founding in 1991.

Executive changes & profiles, United Bank (Philadelphia)

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Area banks report modest results

Article Abstract:

The Philadelphia area's biggest banks posted flat or declining third-quarter operating profits as the shift away from consumer and branch banking into the invesment business suffered from the declining stock market and lower venture-capital returns.

Sales & consumption

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Credit cards for Harrah's gamblers

Article Abstract:

Harrah Entertainment Inc. has tapped MBNA America Bank of Wilmington to sell cards to 23 million gamblers registered at the company's casinos and hotels from Las Vegas to Atlantic City.

Use of services, Contracts & orders received, Bank Credit Cards, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Harrah's Entertainment Inc., HET, MBNA America Bank N.A.

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