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Commerce Bank Declares 5% Stock Dividend.


Business Editors

CAMP HILL, Pa.--(BUSINESS WIRE)--Jan. 24, 2000

For the seventh straight year, Pennsylvania 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., parent company of Commerce Bank/Harrisburg (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 Small Cap Market, Symbol:COBH) has declared a five percent common stock dividend, payable on Feb. 18 to stockholders of record on Feb. 4

The dividend, Chairman Gary L. Nalbandian said, will be issued in the form of additional shares of stock. Cash will be issued in lieu of fractional shares Fractional share

Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs.


fractional share

Less than one share of stock, that is, one-third or one-half a share.
.

Commerce this month reported record net earnings of $3.1 million in 1999--a 40 percent increase over 1998.

Commerce has 11 branch offices serving the Harrisburg and York areas and is building a 12th office in the Cedar Cliff section of Lower Allen Twp., Cumberland County Cumberland County may refer to:

In Australia:
  • Cumberland County, New South Wales, the original county of the colony
In England:
  • Cumberland, one of the 39 historic counties of England, amalgamated with Westmorland and parts of Lancashire and Yorkshire to
. The office is scheduled to open in the spring.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 24, 2000
Words:132
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