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Commerce Bank Appoints Former Bank of New York Executive John Tolomer to Lead Westchester County Expansion.


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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)--April 21, 2003

Commerce Bank (NYSE NYSE

See: New York Stock Exchange
:CBH CBH

cutaneous basophil hypersensitivity.
) has named John M. Tolomer Senior Vice President/Market Manager for Westchester County, one of the bank's new markets for 2003.

A local banker for more than 25 years, Tolomer will direct both retail and business banking activity for Commerce Bank in Westchester County. Tolomer most recently was a senior vice president at Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , where he served regional commercial banking clients. Prior to that, he managed retail and commercial banking accounts at Citibank.

"We're eager to bring Commerce Bank's WOW! service to Westchester County and to have a local banker leading our operations here," said Commerce Chairman and President Vernon W. Hill. "John's service philosophy, combined with his banking experience and market knowledge, will enable Commerce to provide local residents with an unparalleled level of service and convenience."

A resident of Chappaqua, Tolomer is active in several local organizations. He is a board member of the Westchester County Association and the Leukemia leukemia (lkē`mēə), cancerous disorder of the blood-forming tissues (bone marrow, lymphatics, liver, spleen) characterized by excessive production of immature or mature  Society of America, and he is the current fundraising campaign chair and a board member of the local chapter of the United Way. He is also an advisory board member of LEAKE & WATTS and a board member of Food-Patch.

Tolomer is a graduate of Iona College Iona College may refer to:
  • Iona College (New York) in New Rochelle, New York, USA
  • Iona College (Queensland) in Queensland, Australia
  • Iona College (Havelock North) in Havelock North, Hawkes Bay, New Zealand
.

Commerce Bank plans to open 30-plus convenient bank branches throughout Westchester County, N.Y., over the next five years. Commerce Bank's move into Westchester County is a key element in the bank's ambitious 400-branch metro 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
 development plan.

The first Westchester County branches, scheduled to open later this year, will be located in:


    White Plains: Tarrytown Road

    White Plains: Mamaroneck Avenue & Rutherford

    Mamaroneck: Boston Post Road & Rock Ridge Road

    Yorktown: Jefferson Valley Mall



In addition to retail banking, Commerce offers a diverse portfolio of commercial banking services and stresses the vital importance of having local bankers making local loans. In every situation, Commerce's expert lenders work closely with customers to develop financing strategies that best meet their needs. Commerce specializes in:


    - Middle Market Financing           - Healthcare Financing
    - Small Business / SBA Lending      - Commercial Real Estate /
                                          Construction Financing
    - Cash Management                   - International Trade Finance
    - Government Banking



Commerce Bank has assets exceeding $18 billion and more than 225 branches serving metro New York, New Jersey, eastern Pennsylvania, and northern Delaware. Commerce is maintaining an aggressive expansion pace, working toward a total asset goal of $50 billion and a branch network of 515 offices by the year 2007.

The bank plans to add 45 to 50 new locations throughout New York, New Jersey, eastern Pennsylvania and Delaware during 2003. For more information about Commerce, please visit the company's interactive financial service resource center at www.commerceonline.com.

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Publication:Business Wire
Date:Apr 21, 2003
Words:509
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