Commerce Bank Hiring 1,500 Employees in 2001; Expansion Plans Include More Than 30 New Branch Openings.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)--Feb. 8, 2001 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. ) announced today another year of record expansion both in the number of its branch locations and in the size of its workforce. Commerce now employs more than 5,000 people in the tri-state region For other tri-state regions, see . The Tri-State Region is commonly used in the area surrounding New York City to unambiguously refer to the greater metropolitan area. Sometimes the phrase is shortened to "the Tri-State," or "the Tri-State Area" is used instead. of New Jersey, eastern Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York and northern Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). .The Bank's need for an additional 1,500 positions is being driven by Commerce's aggressive expansion plans, which include opening more than 30 new branches during 2001. For the past two years, Commerce has annually set new records with its rapid expansion, adding 25 new branches in 1999 and 30 branches during 2000. In keeping with its retail-based, customer service-intensive strategy as "America's Most Convenient Bank," Commerce plans to double the total number of its prototype branches from its current 150 to 300, and increase its total assets from $8.3 billion to $20 billion, by the year 2005. The newly-created positions range from tellers and branch managers, to senior executives in lending and other phases of the Bank's operations. A Commerce Bank branch generally requires a staff of 20 full- and part-time employees. The continuing growth of Commerce National Insurance Services, along with the expanding public and personal finance businesses of Commerce Capital Markets, have created additional career opportunities beyond traditional banking positions. "As the region's largest locally headquartered bank, we are proud to be a major local employer," said Commerce Chairman and President Vernon W. Hill. "Our continuing growth is producing many career opportunities at a time when other major companies across the nation are announcing sizeable workforce cuts." Its 2001 branch expansion to occur throughout its service areas in New Jersey, Pennsylvania and Delaware, Commerce will mark the coming year with an unprecedented pace of new construction. The Bank plans to open more than 20 branches in New Jersey alone. Additional branches will be constructed in counties where the Bank debuted in the past year, including Union, Morris, and Middlesex counties For the traditional county of England, see Middlesex. For other uses, see Middlesex (disambiguation). Middlesex County is the name of six counties in North America:
The Bank will also open its first branches during 2001 in Essex County Essex County can refer to:
2001 SITES UNDER CONSIDERATION:
NEW JERSEY
Bergen County Burlington County Cape May County
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Paramus Mall Willingboro Cape May Courthouse
Fair Lawn
Cumberland County Essex County Mercer County
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Vineland Bloomfield Pennington
Fairfield Princeton
Nutley
Middlesex County Monmouth County Morris County
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East Brunswick Eatontown Chatham
South Plainfield Holmdel Chester
Woodbridge Howell Morris Plains
Marlboro Morris Township
Somerset County Union County
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Franklin Berkeley Heights Fanwood
Long Hill Clark Metuchen
Warren Cranford Springfield/Blacks Lane
Edison
PENNSYLVANIA
Bucks County Chester County Delaware County
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Chalfont/New Britain Lionville Chadds Ford
Feasterville West Chester
Newtown/Rte.413/Durham
Richboro
Southampton Montgomery County Philadelphia County
Warminster ----------------- -------------------
Warwick King of Prussia Broad & Jackson
16th & Market
DELAWARE
New Castle County
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Fox Run
Commerce Bank is the region's fastest-growing independent 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. retailer, with assets of $8.3 billion and a current network of 150 branches in the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. . For more information about Commerce, please visit the company's interactive financial resource center at www.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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