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14-585: Mercantile Bank may refer to: Mercantile Bank (Bangladesh) , a bank founded in Dhaka in 1999 Mercantile Bank (South Africa) , a bank founded in Sandown, Johannesburg in 1965 Mercantile Bank, now TD Bank, a Florida subsidiary of South Financial Group Mercantile Bank of India, London and China , a British bank founded in 1853, acquired by HSBC in 1959 See also [ edit ] Mercantile Bancorporation ,

28-563: A director of Mercantile Bank, Md Shahidul Ahsan, over allegations of money laundering. Bangladesh Bank removed a director of Mercantile Bank, AKM Shaheed Reza, for being involved in irregular loans in April 2021. Reza was investigated by Bangladesh Financial Intelligence Unit and the Financial Integrity and Customer Services Department of Bangladesh Bank who found his involvement in irregular loans with PK Halder . Morshed Alam

42-491: A former Awami League Commerce Minister, was elected chairman of Mercantile Bank. Md Abdul Jalil was re-elected chairman of Mercantile Bank in April 2012. On 9 January 2013, M Ehsanul Haque was appointed managing director of Mercantile Bank. In May 2013, Bangladesh Bank found a director of Mercantile Bank, Md Shahabuddin Alam, was involved with illegal transaction involving subsidiaries of SA Group of Industries . M Amanullah

56-544: A holding company in Missouri, acquired by Firstar Corporation in 1999 Mercantile Bankshares , a Maryland company acquired by PNC Financial Services in 2007 Mercantile Discount Bank , a commercial bank in Israel Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Mercantile Bank . If an internal link led you here, you may wish to change

70-473: A loan mortgaging government property. From 17 to 21 February 2019, Mercantile Bank suspended all activities as it was shifting its data center. Md Quamrul Islam Chowdhury was appointed managing director of Mercantile Bank. Morshed Alam, chairman of Bengal Group of Industries and member of parliament from Awami League, was appointed chairman of Mercantile Bank in July. In January 2020, Bangladesh Bank removed

84-406: A luxury hotel, Swissôtel Dhaka, in Dhaka. The loan will be arranged by Mutual Trust Bank Limited . Bengal Group requested permission to open a bank. Bengal Group signed an agreement Dhaka Power Distribution Company Limited to build rooftop power plants and sell the electricity to Dhaka Power Distribution Company for 9.8 taka per unit. Bengal Group would own and operate the solar cells built on

98-645: Is a Bangladeshi conglomerate . It was established in 1969. It includes Bengal Plastic the largest plastic manufacturer in Bangladesh. Morshed Alam , a member of parliament from Awami League, is the chairman of the Bengal Group of Industries. The Vice chairman of the group is Md Jashim Uddin, younger brother of Morshed Alam. Bengal Group of Industries was established in 1969 by Morshed Alam in rented factory in Old Dhaka. In 2004, Jashim Uddin became

112-507: Is a public limited company with limited liability under the bank companies act, 1991. Its share are listed in Dhaka Stock Exchange and Chittagong Stock Exchange . The bank provide products and services in retail banking , corporate finance , Islamic finance , asset management , equity brokerage and security . It has 119 branches in Bangladesh and employs around 2,300 employees. In April 2009, Mohammad Abdul Jalil ,

126-506: The Year 2007 to Bengal Plastic. Morshed Alam was elected chairman of Mercantile Bank in 2011. In February 2015, Bengal Plastic announced a 500 million expansion plan. It raised 500 million taka through Commercial papers for Bengal Plastic. Bengal Plastics manufactures products for Mainetti Group. In September 2017, Bengal Group signed an agreement to receive a loan from International Finance Corporation and FMO (Netherlands) to build

140-403: The buildings of Bangladesh Institute of Bank Management , Department of Fisheries , Directorate Of Secondary & Higher Education , Shaheed Suhrawardi Indoor Stadium , Shilpakala Academy , and Uttara Haji Camp. In February 2020, Bangladesh Bank approved the request for Bengal Bank Limited with a paid up capital of 5 billion taka. Bengal Cement signed an agreement to supply cement for

154-400: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Mercantile_Bank&oldid=884428836 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Mercantile Bank (Bangladesh) Mercantile Bank

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168-497: The president of Bangladesh Plastic Goods Manufacturers and Exporters Association. In June, Bengal Group purchased Rahmania Biscuit and Bread Industries. In March 2007, a fire started at the headquarters of the group in first floor of BSEC Bhaban in Karwan Bazar leaving four dead and 36 injured. The office of Dandy Dying also burned down on the eight floor. In 2008, The Daily Star and DHL Express awarded Enterprise of

182-775: Was elected chairman of Mercantile Bank. Bangladesh Bank appointed an observer to Mercantile Bank in November 2014. In January 2016, Kazi Masihur Rahman was appointed managing director of Mercantile Bank. Bangladesh Bank investigation in February 2018 found that the bank violated rules regarding cash incentive for exports. The Anti-Corruption Commission sued four directors of Mercantile Bank, Akram Hossain Humayun, M Amanullah, Md Anwarul Haque, and Mohd Selim, in December 2018 for helping Patrick Fashions and Kazi Farhad Hossain secure

196-489: Was reappointed chairman of Mercantile Bank. In March 2022, Bangladesh Securities and Exchange Commission approved Mercantile Bank Unit Fund, an open-ended mutual fund. In July, Mercantile Bank announced plans to buy commercial real-estate from its chairman, Morshed Alam, in Noakhali District from 81.5 million BDT. Bengal Group of Industries Bengal Group (also known as Bengal group of Industries )

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