'America's Most Convenient Bank' Comes to Staten Island.Business Editors CHERRY HILL Cherry Hill, township (1990 pop. 69,319), Camden co., W central N.J.; name was changed from Delaware township to Cherry Hill in 1961. Largely residential, Cherry Hill has been marked by great development and housing growth, especially since the 1970s. , N.J.--(BUSINESS WIRE)--July 7, 2003 Commerce Bancorp This article is about the bank headquartered in Cherry Hill, New Jersey. For other uses, see Commerce Bank. Commerce Bancorp (NYSE: CBH), doing business as Commerce Bank Inc. (NYSE NYSE See: New York Stock Exchange :CBH CBH cutaneous basophil hypersensitivity. ) today announced plans to open several convenient bank branches in Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. , N.Y. Commerce Bank's move into the borough of Staten Island is a key element in the bank's ambitious 400-branch metro New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of development plan. The first Staten Island branches are scheduled to open in the fall of this year and will be located in:
Bulls Head - Richmond Ave. and Eton Place
Old Town - Hyland Blvd. and Burgher Ave.
Locations under consideration for future branch development include:
Pleasant Plains Great Kills
Castleton Corners Eltingville
New Dorp
All of the locations will offer seven-day-a-week branch banking and free checking along with other customer amenities such as free coin counting machines. Commerce will complement its metro New York branch network by providing customers with convenient access to America's best on-line banking site at www.commerceonline.com. Recognized nationwide for its unique retail strategy and intense focus on branch expansion, Commerce has grown to become "America's Most Convenient Bank" by championing a "whatever it takes" approach to meeting customers' needs. Commerce Bank's hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. products and services include: -- Seven-day branch banking -- Free personal checking -- Free Visa Check / ATM Card An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: -- Penny Arcade Noun 1. penny arcade - an arcade with coin-operated devices for entertainment arcade - a covered passageway with shops and stalls on either side free coin counting service -- 1-800-Yes-2000, a full-service bank-by-phone system, open 24/7 -- Award-winning on-line banking services at www.commerceonline.com In addition to retail banking, Commerce offers a diverse portfolio of commercial banking services and stresses the vital importance of having local bankers making local loans. In every situation, Commerce's expert lenders work closely with customers to develop financing strategies that best meet their needs. Commerce specializes in:
- Middle Market Financing - Healthcare Financing
- Small Business/SBA Lending - Commercial Real Estate/Construction
Financing
- Cash Management - International Trade Finance
- Government Banking
Commerce Bank's debut in Staten Island is an integral part of a metro New York expansion plan that will encompass 400-plus branches, including 30-plus throughout Manhattan. Currently, Commerce has a network of 13 branches in Manhattan, two in Brooklyn, two in Queens and 10 on Long Island. Commerce plans to open its first Westchester County, N.Y., branch in the fall and also has a location in Rockland County, N.Y. Along with its retail and commercial banking services, Commerce offers a full range of insurance services through its Commerce Insurance Services division and an array of public finance services through Commerce Capital Markets. About Commerce Bank Commerce Bank, "America's Most Convenient Bank," is a leading retailer of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with more than 240 convenient stores in New Jersey, New York, Pennsylvania and Delaware. In 2003, the bank plans to add 46 new locations and will create 1,800-plus career opportunities throughout its territory. Maintaining an aggressive expansion pace, Commerce Bank is working toward a total asset goal of $50 billion and a store network of 515 offices by 2007. Commerce Bank currently has assets exceeding $19 billion. In March 2003, The Wall Street Journal reported that Commerce Bank achieved the highest annual compounded shareholder return among all banks and ranked 25th among 1,000 public companies with the highest 10-year compounded shareholder return. For more information about Commerce, please visit the company's interactive financial resource center at commerceonline.com. |
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