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NEWS
July 3, 1996
Anne J. Stolting, a German emigrant who settled in Baltimore in the early 1920s and lived in the city for the next 45 years, died of heart failure June 18 at her home in Rehoboth Beach, Del. She was 90.Born in Hanover, Germany, she came to Baltimore with her parents in 1923. Her family lived in the Walbrook community in West Baltimore.For many years, she was a cashier for Commercial Credit Co. She retired in 1967 and moved to Delaware. The former Anne Schulz married August Stolting in 1928.
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NEWS
By Frederick N. Rasmussen | September 4, 2009
George W. Barrett Jr., executive vice president of Rosedale Federal Savings and Loan, died Aug. 24 of cancer at his Rosedale home. He was 88. Mr. Barrett, the son of a Cloverland milkman and a homemaker, was born on his grandparents' Port Deposit farm and raised in Forest Park. After graduating from Forest Park High School in 1941, he took a job in the accounting department of Commercial Credit Corp. in downtown Baltimore. He enlisted in the Army in 1942, and served aboard the Liberty ship SS John Murray Forbes in the Atlantic as entertainment coordinator.
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BUSINESS
By Michael Pollick | November 7, 1991
Commercial Credit Co., the consumer lender that was founded here in 1912, confirmed yesterday that it is exploring the possibility of moving out of downtown Baltimore when its lease expires in June 1993."
NEWS
By Frederick N. Rasmussen | July 4, 2009
Donald S. Jones, former president and chief executive officer of Commercial Credit Co., died June 16 of complications from a broken hip at his Delray Beach, Fla., home. The former Towson resident was 99. Mr. Jones was born and raised in Providence, R.I. After graduating from Bryant College in 1930, he began his career with Commercial Credit Co. as an accounting clerk in Providence. He held various positions in the Northwest until 1954, when he was named vice president in charge of finance and loan operations for the Midwest.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun | April 2, 1991
NEW YORK -- Baltimore-based Commercial Credit continues to thrive, but Primerica Corp., the financial services conglomerate grafted on top in a 1988 merger, has been something of a flop, according to an article in Forbes magazine that hits newsstands today.On the cover, beside a headline reading "Did he get taken this time?" is a morose-looking Sanford I. Weill, chief executive of New York-based Primerica who made his reputation merging a string of brokerage firms into the company now known as Shearson Lehman Bros.
BUSINESS
By Edward Gunts | December 24, 1991
After months of deliberations, and an unprecedented joint appeal from Gov. William Donald Schaefer and Mayor Kurt L. Schmoke, Commercial Credit Corp. has decided to keep its corporate headquarters at 300 St. Paul Place in downtown Baltimore.Company officials signed a 10-year lease yesterday for 130,000 square feet of space in the building, putting an end to speculation that Commercial Credit would follow several other companies that have moved to Baltimore County in recent years.Effective Jan. 1, the lease ensures that Commercial Credit's staff of 400 will remain downtown and inside the 20-story building Commercial Credit constructed for itself in 1957.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | November 6, 1991
Commercial Credit, a financial services firm founded in Baltimore in 1912, is exploring the possibility of moving its headquarters operation to surrounding counties, according to the chairman of its parent company."
BUSINESS
By Ian Johnson and Ian Johnson,New York Bureau | June 29, 1993
NEW YORK -- As part of a continued shake-up in the wake of its recent expansion, Primerica Corp. named two new executives yesterday to head its Baltimore-based Commercial Credit Co.The move elevates President Robert B. Willumstad, 47, to chairman and chief executive, while former executive Vice President Marjorie Magner, 44, was named president and chief administrative officer.Although the promotions were not directly related to Primerica's recent $1 billion acquisition of the Shearson brokerage unit from the American Express Co., they were the most recent in a monthlong restructuring of Primerica to accommodate its new size.
NEWS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | December 19, 1990
Scrambling to sell assets to pay upcoming bills, MNC Financial Inc. today announced it has a definitive agreement to ,, sell its Landmark Financial Services Inc. subsidiary for about $370 million.The buyer is Baltimore-based Commercial Credit Co., a subsidiary of Primerica Corp. of New York.The agreement comes a day after MNC, the parent company of Maryland National Bank, averted a default by repaying $170 million in notes with money from the sale of its leasing operation. The troubled Baltimore bank holding company also announced that it had renegotiated a crucial line of credit with a syndicate of banks.
NEWS
By DAN BERGER | September 29, 1997
Can 700,000 promise-keeping men stand tall in the center of Gomorrah without seizing it?A governor who gets rockfish back in the Giant is re-electable after all.Commercial Credit gobbled Primerica which ate Travelers which wolfed Shearson Lehman and part of Aetna and Salomon, by which time Commercial Credit was invisible.God is on the side of the deep bullpens.Pub Date: 9/29/97
NEWS
December 28, 2006
Fred W. Meier Sr., a retired Commercial Credit Corp. executive and decorated combat veteran of World War II, died of congestive heart failure Dec. 20 at Brighton Gardens of Towson. The Ruxton resident was 90. Born and raised in Baltimore, he was a 1934 graduate of Southern High School and earned a business degree and played football at the University of Baltimore. He became controller of a division of United Distillers and subsequently held a similar post at Franklin Square Hospital, then located in Southwest Baltimore.
BUSINESS
By Laura Smitherman and Laura Smitherman,Sun reporter | December 10, 2006
In some ways, the iconic career of Sanford I. "Sandy" Weill, who built Citigroup Inc. into the world's largest financial services company, began and ended in Baltimore. Although Weill officially started as a runner at Bear Stearns and sold a securities firm he helped create to American Express, he would really cut his teeth as an empire builder when he took over consumer lender Commercial Credit Corp. in Baltimore in 1986. On that foundation, through a series of mergers, Citigroup was born.
BUSINESS
By Bloomberg News | October 12, 2006
NEW YORK -- Sanford I. Weill, Citigroup Inc.'s former chairman, is still absorbed by the fortunes of the world's biggest financial services company six months into his retirement. Even though he has relocated to a new, 10,000-square-foot office in the General Motors Building overlooking New York's Central Park and spends his time on philanthropy rather than finance, it's the tabletop computer screen displaying Citigroup's stock price that draws Weill's attention. "Fifty-one dollars!" Weill said in an interview last week, pumping his fist in the air as Citigroup shares inched past a two-year high.
NEWS
September 8, 2006
John Briggs Morrell, a retired Commercial Credit Corp. executive, died of lung cancer Aug. 31 at his Owings Mills home. He was 76. Born in Portland, Maine, he was a graduate of Phillips Exeter Academy and Bowdoin College in Brunswick, Maine, where he remained active in alumni activities. He also attended a management program at the Harvard Business School. He served with the Marine Corps in Korea and attained the rank of captain. In 1954, Mr. Morrell went into banking at the State Street Bank in Boston.
NEWS
February 13, 2006
James H. Valentine, a retired Commercial Credit Corp. official and volunteer, died of cancer Friday at Charlestown Retirement Community in Catonsville. The former Columbia resident was 80. Mr. Valentine was born and raised in Salt Lake City. During World War II, he enlisted in the Army Air Forces and served as a staff sergeant and crew chief aboard C-47 transport planes stationed in France. After earning an accounting degree on the G.I. Bill at the University of Utah in 1949, he joined Commercial Credit.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | April 2, 2005
Between 1971 and 1994, Frank Perdue appeared in more than 200 television ads that cemented his image as a tough man who made tender chicken. During that time, his folksy commercials surely had a little something to do with chicken surpassing beef in annual consumption per person, say industry and advertising experts. Until his death yesterday at age 84, Perdue was chairman of the executive committee at Purdue Farms Inc. in Salisbury. Perhaps more than other executive spokesmen of the country's culinary past - including Orville Redenbacher of popcorn fame, Col. Harland Sanders of Kentucky Fried Chicken and Dave Thomas of Wendy's - Perdue shaped the public image of his products.
NEWS
November 12, 1990
Nancy J. Liberto, branch manager of Commercial Credit in Severna Park, and Bonnie Klapaska, branch manager of Rose Shanis Co. in Glen Burnie, were named a Gordon J. Thomasch Award winners at the 27th annual meeting of the Maryland Financial Services Association in Baltimore on Oct. 5.Liberto has been a manager with Commercial Credit for 8 years.They were selected for this award based on their performance and outstanding results-oriented management of their offices.The Maryland Financial Services Association is the state trade association for providers of financial services to consumers.
NEWS
December 19, 1990
MNC Financial Inc. today announced it has agreed to sell Landmark Financial Services Inc., its consumer finance subsidiary, to Commercial Credit Inc. for about $370 million.MNC Financial is the parent company of Maryland National Bank.MNC Financial said it expects to close the transaction in early January 1991. The transaction would permit MNC Financial to reduce its debt by about $374 million, the company says.
NEWS
August 27, 2003
Frank Daniel Mitchell Sr., a retired Commercial Credit Corp. insurance adjuster and former Baltimore resident, died of Parkinson's disease Saturday at a nursing home in Richmond, Va. He was 83. Mr. Mitchell was born in Wilmington, Del., and raised in Baltimore's Hamilton neighborhood. He attended City College and graduated in 1938 from the Franklin Day School at the old YMCA in downtown Baltimore. After serving in the Navy during World War II, he began his career in the late 1940s with Commercial Credit.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | September 9, 2000
A top executive of Citigroup Inc. said the company is committed to keeping the headquarters of its sprawling consumer credit division in Baltimore, despite its recent agreement to buy Associates First Capital Corp., a large consumer finance company. CitiFinancial, the consumer credit division previously known as Commercial Credit Co., employs 1,200 people in Maryland - 500 at its headquarters at 300 St. Paul St. Another 500 people work in offices near Baltimore-Washington International Airport and in Owings Mills.
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