Cleve Corner Jr. to Head Commerce Capital Markets' General Obligation Group.Business Editors PHILADELPHIA--(BUSINESS WIRE)--March 31, 2000 Commerce Capital Markets Inc., a wholly-owned subsidiary of 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 (NYSE NYSE See: New York Stock Exchange symbol: CBH CBH cutaneous basophil hypersensitivity. ) announced today that Cleve Corner Jr. of West Chester West Chester, borough (1990 pop. 18,041), seat of Chester co., SE Pa., W of Philadelphia; inc. 1799. Primarily residential, West Chester was long the trade and processing center for an agricultural region that is now mainly suburbs. , (Pennsylvania) has joined the firm as Managing Director of Commerce Capital's General Obligation Group. Corner, with over 30 years of municipal finance experience, will be responsible for the origination and implementation of municipal financings throughout the Mid-Atlantic Region and in other major markets across the country. Prior to joining Commerce, Corner served as Senior Vice President and Manager of the Eastern Region Public Finance Department for Fahnestock and Company headquartered in 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 , NY. Corner has acted as the senior banker for over $5 billion in negotiated and /or competitively bid Pennsylvania municipal bonds for a wide range of state agencies, counties, cities, and a variety of other governmental entities during the course of his career. He has also managed 501 (c) 3 financings for higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities and worked closely with municipal sewer, water, parking and housing authorities, school districts and community colleges throughout the region. "Cleve Corner's extensive knowledge of the municipal finance market and emphasis on building long-term relationships with his clients are the ideal complements to Commerce Capital's business philosophy," said Commerce Capital Markets' CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Vincent J. Stafford. "Cleve is a valuable addition to our organization and will help us further reinforce our leadership position in the municipal finance field." Commerce Capital Markets is headquartered in Philadelphia and has regional offices in Cherry Hill, NJ; Pittsburgh, PA; Ft. Lauderdale; FL and San Francisco, CA. In 1999, Commerce Capital was the Mid-Atlantic region's largest regional distributor of municipal bonds and notes, with trading and sales in excess of $ 20 billion. Commerce Bancorp, the region's fastest growing independent financial services retailer, specializes in providing a full range of banking, insurance and public finance services. Headquartered in Cherry Hill, New Jersey, Commerce has assets of $7 billion and a network of 150 branches serving Pennsylvania, New Jersey and Delaware. For more information about Commerce, please visit the company's interactive financial resource center on-line at www.commerceonline.com. For more information, contact David Flaherty, Vice President of Corporate Communications, at 888/751-4069. |
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