The Office of the Comptroller of the Currency issued a cease-and-desist order to restrict further insider dealings with any financial institution by Vernon W. Hill 2nd, the former chairman and chief executive of the $49 billion-asset Commerce Bancorp Inc. of Cherry Hill, N.J.

The OCC order requires Mr. Hill to pay $4 million to Toronto-Dominion Bank, which bought Commerce Bancorp and its bank in March.

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