Commerce Bancorp Raises Cash Dividend 9%.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. 18, 2001 Commerce Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange :CBH CBH cutaneous basophil hypersensitivity. ) declared a 9% increase in its annual cash dividend rate from $.55 per share to $.60 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 share in our success. This increase marks the eleventh consecutive year that we have increased our cash dividend". The quarterly dividend of $.15 is payable January 18, 2002 to shareholders of record January 4, 2002. Commerce Bancorp, Inc. is a $11.0 billion multi-bank holding company headquartered in Cherry Hill, New Jersey with nearly 185 banking offices, serving New Jersey, Pennsylvania, Delaware, and 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 . |
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