Commerce Bancorp Raises Cash Dividend 12%.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)--Dec. 19, 2000 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. ) declared a 12% increase in its annual cash dividend rate from $.98 per share to $1.10 per share of common stock, it was announced today by Vernon W. Hill, II, Chairman of the multi-bank holding company based here. Said Hill, "Our financial performance this year has been marked by record earnings and we would like our shareholders to participate in this progress. This increase marks the tenth consecutive year that we have increased our cash dividend." The quarterly dividend of $.275 is payable January 18, 2001 to shareholders of record January 4, 2001. Commerce Bancorp, Inc. is a $8.2 billion multi-bank holding company headquartered in Cherry Hill, New Jersey with nearly 150 banking offices, serving New Jersey, Pennsylvania, and Delaware. |
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