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Resource ID: #17020
Subject: Business
Source: Philadelphia
Affiliation: 
Date: November

Description

Philadelphia Magazine tells the story of Emma Chappell, a black woman who rose from a West Philadelphia bank teller to the CEO of the city's largest black-owned bank and became a darling of the Clinton Administration. However, in May 2000, Chappell's bank, United Bank, posted devastating losses, and she was removed as the institution's CEO and director. This story chronicles her rise to a business elite and her spectacular fall.

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