Commerce Bancorp, Inc. Completes Sale of 5,000,000 Shares 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. 17, 2003 Commerce Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange :CBH CBH cutaneous basophil hypersensitivity. ) announced today that it has completed its offering of 5.0 million shares of its common stock at $43.67 per share. Merrill Lynch & Co. was the sole lead manager for the offering and A.G. Edwards & Sons was a senior co-manager. The offering was made pursuant to an effective shelf registration statement filed with the SEC. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of approximately $209.0 million will be used for general corporate purposes. The common stock offering was made only by means of a prospectus and related prospectus supplement. Copies of the 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 253 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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