Modern Bank Taps Former Bear Executive

June 30, 2008

Modern Bank, a private bank that caters to high net-worth clients, said last Tuesday it hired the former chairman and chief executive of Bear Stearns' asset management group, Jeffrey Lane, as its new chief executive. Opened in 2006, Modern Bank is the first independent, private client bank to be licensed by the Office of the Comptroller of the Currency in 25 years.

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