Commerce Bank Expands Again in Delaware.Business Editors WILMINGTON, Del.--(BUSINESS WIRE)--May 30, 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 (NYSE NYSE See: New York Stock Exchange :CBH CBH cutaneous basophil hypersensitivity. ) announced today that it will begin work this summer on a new Delaware headquarters as part of a major expansion effort in the state. The two-story Commerce headquarters facility, which will include a retail banking branch, will be located at: Kirkwood Highway (Rte. 2) & Limestone Road (Rte. 7) New Castle County In addition to the Delaware headquarters, Commerce will move forward with the construction of a prototype branch at: Hygeia Drive and Route 4, Wilmington (near Christiana Hospital) New Castle County Commerce also is planning to open its first branch in Kent County - in the state capital of Dover - in early 2003. The three new offices will bring to eight the total number of Commerce Bank locations in Delaware. Currently, the Commerce network includes branches in:
Brandywine Hundred: Naamans & Marsh Roads
Wilmington: 9th & Shipley Streets
New Castle: Route 273 & Christiana Road
Bear: Route 7 & Songsmith Drive
Talleyville: Route 202 & Silverside Road
"Our unique retail model and focus on convenience have been very well received. Given the outstanding performance of our existing Delaware branches, we expect our newest branches to add to that success," said Fred C. Sears II, president of Commerce Bank/Delaware. "Last year, deposits at our five current offices increased by 120%. In addition, we introduced more than 10,000 new households to the Commerce retail experience." All current and future Commerce Bank branches in Delaware feature the hallmark products and services of "America's Most Convenient Bank," including: -- Seven-day branch banking -- Totally free personal checking -- Totally free business checking -- Free coin-counting -- 800/YES-2000, full-service bank-by-phone system, open 24/7 -- Award-winning on-line banking services Commerce Bancorp, headquartered in 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. , New Jersey, 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 $13 billion in assets and a rapidly expanding network of nearly 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 Delaware, New Jersey Delaware, New Jersey could refer to:
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 during 2002. For more information about Commerce, visit the company's interactive financial resource center at commerceonline.com. For more information, contact Sandra R. Martin, Manager of Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , at 888/751-9000, ext. 8078, or via email at smartin@yesbank.com |
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