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This profile was automatically generated using 12 references found on the Internet. This information has not been verified. Learn more...
This profile was automatically generated using 12 references found on the Internet. This information has not been verified. Learn more...
View all 12 references Web References
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1. Clinton Savings Bank - About Us
www.clintonsavings.com/about/p - [Cached]Published on: 10/29/2004 Last Visited: 2/4/2005
10/29/04 - Steven P. Cash, president and CEO of Clinton Savings Bank, has announced the promotion of Valerie Winsor to assistant branch manager of the Clinton branch.
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Clinton, MA ( October 29, 2004) - Steven P. Cash, president and CEO of Clinton Savings Bank, has announced the promotion of Valerie Winsor to assistant branch manager of the Clinton branch. -
2. Sentinel & Enterprise - Papers: Bank failed to stop check scheme
www.sentinelandenterprise.com/ - [Cached]Published on: 8/14/2006 Last Visited: 8/14/2006
Cash, Clinton's president, became concerned about check-kiting in the fall of 2003 and had Michael D. Tenaglia, then the bank's senior vice president in charge of operations, investigate, according to Carpenter, Tradex's Chapter 11 bankruptcy trustee.
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"When Tenaglia reported back to Cash, he was told that the substantial account activity involved J&J Chemical and that all checks being written on the account or deposited in the account were between J&J Chemical and Gitto Global," Carpenter writes.
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"In March 2004 Cash determined that the use of the J&J Chemical was acceptable because Frank Miller was a customer with whom the bank was familiar and had offered an explanation of the business purpose of the account, although Cash 'couldn't fully comprehend' that explanation," Manzo writes.
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Cash told Clinton's board of directors at the board's monthly meeting three days later that he had made a mistake, according to Clinton's statement of facts.
"Cash admitted that Clinton Savings Bank would not have entered this loan transaction in different circumstances, and that Clinton Savings Bank management had erred in not informing the board of Clinton Savings Bank's problems with the J&J Account earlier than June 2004," writes McGee, a Clinton bank attorney.
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Cash resigned as president in December, after holding the position for more than nine years. -
3. Sentinel & Enterprise Online - Local/Regional
www.sentinelandenterprise.com/ - [Cached]Last Visited: 12/9/2004
CLINTON -- Steven P. Cash, president and chief executive officer of Clinton Savings Bank, resigned Monday, but bank officials will not say why.
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Cash told the Sentinel & Enterprise in September he had not been notified in advance that Gitto/Global was going to file bankruptcy.
"I was surprised by today's news. I expect we would be taking action at some point in time, but what and when is really undetermined," Cash said in September.
Cash, 53, has been president/CEO of the bank since February 1995.

