Commerce Bancorp, Inc. Announces Proposed Public Offering of Common Stock.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)--Sept. 5, 2003 Commerce Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange :CBH CBH cutaneous basophil hypersensitivity. ) announced today that it intends to file a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders supplement with the SEC for a proposed offering of approximately 5 million shares of its common stock, subject to market and other conditions. The Company also expects to grant the underwriters of the proposed offering a 30-day option to purchase up to 750,000 shares to cover over-allotments, if any. Merrill Lynch & Co., Inc. is the sole lead manager for the offering. A.G. Edwards & Sons is a senior co-manager. The offering is being made pursuant to an effective shelf registration statement filed with the SEC. The common stock offering may be made only by means of a prospectus and related prospectus supplement. When available, copies of the preliminary prospectus supplement and the prospectus relating to the offering may be obtained from Merrill Lynch & Co., Inc., 4 World Financial Center, 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 10080. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Commerce Bancorp, Inc. is a $21.0 billion multi-bank holding company headquartered in Cherry Hill, New Jersey with 250 banking offices serving New Jersey, Pennsylvania, Delaware, New York Delaware is a town in Sullivan County, New York, USA. The population was 2,719 at the 2000 census. The Town of Delaware is in the western part of the county. History The town was formed in 1869 from the Town of Cochecton. , and augmented by Commerce Insurance Services, Inc. and Commerce Capital Markets, Inc. |
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