Commerce Bank Continues Rapid Expansion in Manhattan.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. 19, 2002 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. ) will continue its ambitious Manhattan expansion effort with the opening of another new branch at 85th Street & Third Avenue on Friday, September 20. Since making its New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. debut last September, Commerce has opened a total of seven branches throughout Manhattan. Later this fall, Commerce will open three more Manhattan branches located at:
Gramercy Park: 32nd Street & Park Avenue
Upper West Side: 74th Street & Broadway
Upper East Side: 77th Street & Second Avenue
Commerce plans to build a network of nearly 30 Manhattan branches during the course of the next four years. "New Yorkers have greeted us with a tremendous response during our first year in the city," said Commerce Chairman and President Vernon W. Hill. "Our focus on convenience and commitment to providing customers with memorable service every day is precisely what New Yorkers have been searching for." Commerce expects total deposits at its Manhattan branches to reach approximately $600 million by the conclusion of 2002. In addition to the branches Commerce will open this fall, the bank will open another new office in December at:
Upper West Side: 67th Street & Broadway
All of the current and future Manhattan branches feature Commerce Bank's hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. products and services including: -- Seven-Day Branch Banking: 8 a.m. to 8 p.m. Weekdays 8 a.m. to 6 p.m. Saturday 11 a.m. to 4 p.m. Sunday -- Free Personal Checking -- Free Business Checking -- Free Visa Check / ATM Card -- Penny Arcade: Free Coin Counting Service -- 1-800-Yes-2000, Full Service, 24/7 Telephone Banking -- Award-Winning On-Line Banking Services Commerce Bancorp is one of the nation's fastest-growing financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. retailers with $15 billion in assets and a rapidly expanding network of more than 200 branches. Commerce is maintaining an aggressive expansion pace, working toward a total asset goal of $25 billion and a branch network of 375 offices by the year 2005. The bank plans to add 41+ new locations throughout 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 , New Jersey, eastern Pennsylvania and Delaware during 2002. For more information about Commerce, please visit the company's interactive financial resource center at commerceonline.com. |
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