Commerce Bank Elects Former NJ Governor Donald T. DiFrancesco and George E. Norcross III to Board.Business Editors NOTE TO MEDIA: Photos are available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com CHERRY HILL, N.J.--(BUSINESS WIRE)--March 13, 2002 Commerce Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange : CBH CBH cutaneous basophil hypersensitivity. ) announced today it has elected the following distinguished executives to its Board of Directors: -- Donald T. DiFrancesco - Former Governor of New Jersey -- George E. Norcross III - Chairman of Commerce National Insurance Services DiFrancesco served as the President of the New Jersey Senate for a decade and was first elected to the Senate's top post in 1992. He was the Acting Governor of New Jersey from January 31, 2001 through January 8, 2002. DiFrancesco, of Scotch Plains, New Jersey Scotch Plains is a township in Union County, New Jersey, United States. As of the 2000 Census, the township population was 22,732. History The area was settled in 1684 and served as a stop on the stage coach line between New York and Philadelphia. , was first elected to the New Jersey General Assembly in 1976, where he served for three years. In 1979, he was elected to the New Jersey Senate, where he represented District 22, which includes Middlesex, Morris, Somerset and Union Counties. DiFrancesco served for three years as the Senate Minority Leader. He is a graduate of Penn State University and Seton Hall School of Law. DiFrancesco is a partner in a Warren, New Jersey, law firm. Norcross is the Chairman and Chief Executive Officer of Commerce National Insurance Services (CNIS CNIS Canadian Network for International Surgery (Vancouver, BC Canada) CNIS Centre National de l'Informatique et des Statistiques (French) CNIS Coordinamento Nazionale degli Insegnanti Specializzati ), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Commerce Bancorp. CNIS, with an annual premium volume that exceeds $600 million and 130,000 clients in 25 states, is the nation's 24th largest insurance brokerage firm and the largest in the Mid-Atlantic region. Norcross has served as a Trustee of the Cooper Health System since 1990, and he currently serves as Vice Chairman of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. . Commerce Bancorp is one of the nation's fastest-growing financial services retailers with $12 billion in assets and a rapidly expanding network of 185 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 40+ 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. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.031302/bb6 Note: A Photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.031302/bb6a |
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