Commerce Bank Hiring 8,000 Employees Over Next Five Years.Business Editors/Banking Writers 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)--Jan. 29, 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. ) today announced plans for another record-setting year of branch expansion. During 2002, Commerce will build 40 to 45 new branches, creating 1,600 new career positions. Commerce now employs more than 6,000 people in the four states which it serves: New Jersey, 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 , 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). and 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 . Commerce's need for an additional 1,600 employees in the coming year is driven by the Bank's aggressive growth plan. Over the next five years, Commerce expects to continue adding new personnel at that pace, hiring 8,000 new employees by 2006. In addition to opening 40 to 45 branches in 2002, Commerce plans to increase the total number of its prototype branches to 375 and increase total assets to $25 billion by 2005. A Commerce Bank branch generally requires a staff of 20 full- and part-time part-time adj. For or during less than the customary or standard time: a part-time job. part employees; other new employees will include lending executives and operations personnel. Additionally, the continuing growth of the Bank's subsidiaries, Commerce National Insurance Services and Commerce Capital Markets, create more career opportunities beyond traditional banking positions. "As other companies nationwide continue to announce major workforce cuts, Commerce is producing many career opportunities. We see ourselves as retailers, and we view our branches - and the branch staffs who work with our customers - as the key element to our retail success," said Commerce Chairman and President Vernon Vernon, city, Canada Vernon, city (1991 pop. 23,514), S British Columbia, Canada, near the north end of Okanagan Lake. The center of a fruit-growing and dairying area, it has packing and dehydrating plants. W. Hill. Commerce's 2002 branch expansion will occur throughout Metro New York and Metro Philadelphia. In 2001, the Bank opened its first four branches in Manhattan. The Bank plans to open at least six more branches in Manhattan during 2002, and will be expanding further in New York with the opening of its first seven branches in Nassau and Suffolk counties Suffolk County may refer to:
New branches will be added in eastern Pennsylvania, as well as in New Jersey.
SITES UNDER DEVELOPMENT:
NEW YORK
Manhattan Long Island
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32nd & Park Garden City
43rd & 3rd Massapequa
14th & 5th Farmingville
74th & Broadway Patchogue
3rd & Broadway Smithtown
85th & 3rd East Northport
Amityville
NEW JERSEY
Bergen County Burlington County Essex County
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Fair Lawn Mount Laurel Roseland
Fort Lee Willingboro West Caldwell
Paramus
Gloucester County Mercer County Middlesex County
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Deptford East Windsor New Brunswick
Princeton Edison
West Windsor Metuchen
Old Bridge
Piscataway
Monmouth County Morris County Somerset County
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Holmdel Montville Bridgewater (Rt.202)
Marlboro Morris Township Bridgewater (Rt.22)
Neptune Parsippany Franklin
Spring Lake Heights Chester Hillsborough
Wall
Union County
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Berkeley Heights
Springfield
Union
PENNSYLVANIA
Bucks County Chester County
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Warrington Lionville
Westtown
Montgomery County Philadelphia County
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Hatboro Cottman Avenue
Harleysville Society Hill
Horsham
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 more than $11 billion in assets and a network of 185 branches in New Jersey, New York, Pennsylvania and Delaware. For more information about Commerce, please visit the company's interactive financial resource center at commerceonline.com. |
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