[Libloather]

Troubled times for Kevin Cohee
By Herald Staff
Thursday, August 12, 2010 - Updated 2 days ago

Kevin L. Cohee purchased a controlling interest in the Boston Bank of Commerce in 1995 and was elected chairman and CEO in 1996.

September 1999: Boston Bank of Commerce acquires Peoples National Bank of Commerce with branches in Miami and Lauderdale Lakes, Fla.

May 2001: Boston Bank of Commerce acquires Founders National Bank of Los Angeles, whose co-owners included Janet Jackson, Jheryl Busby and Earvin “Magic” Johnson.

January 2003: With the support of U.S. Rep. Maxine Waters, Boston Bank of Commerce beats out Illinois-based, white-owned bank to buy Family Savings Bank of Los Angeles and create OneUnited Bank.

Janury 2004: Waters’ husband, Sidney Williams, joins the board of OneUnited and acquires stock in the bank. February 2006: OneUnited begins offering online banking services.

April 2007: Cohee arrested in sodomy case. May 2007: Cohee arrested on narcotics possession charges.

April 2008: Sidney Williams’ term on the board of OneUnited ends, but he still holds shares in the bank worth about $350,000, or between 5 percent and 15 percent of the couple’s combined net worth.

August 2008: Charges against Cohee are dismissed. August/September 2008: Cohee lobbies Waters and U.S. Rep. Barney Frank for a meeting with Treasury Department officials and for assistance for OneUnited.

Sept. 9, 2008: Cohee and others meet with Treasury Department officials. The meeting reportedly focuses on OneUnited’s potential losses - more than $50 million - from federal takeover of Fannie Mae and Freddie Mac.

Oct. 3, 2008: $700 billion Troubled Asset Relief Program signed into law.

Oct. 27, 2008: Regulators issue cease-and-desist order against OneUnited. The company is ordered to sell within 90 days the $6.4 million home at 703 Palisades Beach Road and a Porsche the bank bought for Cohee’s personal use.

This is an excerpt.

http://www.bostonherald.com/business/general/view/20100812troubled_times_for_kevin_cohee/

[BobP]

...A congressional ethics panel has charged Waters with doing a favor for OneUnited despite having stock in the company. She held a rare press conference yesterday declaring her innocence and urging a swift hearing.

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Maxine Waters

[mewzilla]

COHEE, KEVIN
BROOKLINE, MA 02146
NONE/RETIRED

WATERS, MAXINE
VIA CITIZENS FOR WATERS
12/17/2002 1000.00 23990266758
12/16/2003 1000.00 24990244149
12/16/2003 1000.00 24990244149

COHEE, KEVIN L
BROOKLINE, MA 02146
BOSTON BANK OF COMMERCE

KERRY, JOHN F
VIA KERRY COMMITTEE
12/03/1998 500.00 99020031248
12/18/1998 500.00 99020031248

COHEE, KEVIN L
BROOKLINE, MA 02146
NONE/RETIRED

WATERS, MAXINE
VIA CITIZENS FOR WATERS
08/25/2005 1000.00 25971183185

COHEE, KEVIN L
CHESTNUT HILL, MA 02467
ONE UNITED BANK/BANKER

FORD, HAROLD JR
VIA HAROLD FORD JR FOR TENNESSEE
12/06/2005 1000.00 26020063027

COHEE, KEVIN L
CHESTNUT HILL, MA 02467
RETIRED

OBAMA, BARACK
VIA OBAMA FOR ILLINOIS INC
09/30/2004 500.00 24020791791

COHEE, KEVIN L. MR.
BROOKLINE, MA 02146
BOSTON BANK OF COMMERCE/BANKER

GORE, AL
VIA GORE 2000 INC
05/15/2000 500.00 20990156630

COHEE, KEVIN L. MR.
BROOKLINE, MA 02146
INFO REQUESTED

GORE, AL
VIA GORE/LIEBERMAN GENERAL ELECTION LEGAL AND ACCOUNTING COMPLIANCE FUND
10/14/1999 1000.00 20990027752