Commerce Bank Names Douglas J. Pauls Chief Financial Officer.Business Editors NOTE TO MEDIA: Photo is 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 20, 2002 Commerce Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange :CBH CBH cutaneous basophil hypersensitivity. ) today announced that Douglas J. Pauls has been promoted to Chief Financial Officer. Pauls has been the Chief Accounting Officer at Commerce since 1995. As Chief Financial Officer, Pauls will be responsible for all of Commerce's internal and external financial reporting, as well as the Company's asset / liability management. He also will oversee Commerce Bancorp's investment portfolio. Pauls joined Commerce in 1994 as the Company's Controller. Prior to joining Commerce, he held the position of Chief Financial Officer for Camden County in New Jersey for two years. Pauls began his career at Ernst & Young, one of the leading professional services organizations, including five years at Ernst & Young's Pittsburgh (PA) office and five years in the Company's Philadelphia Office, where he rose to Senior Manager. Currently a resident of Haddon Heights, New Jersey Haddon Heights is a Borough in Camden County, New Jersey, United States. As of the United States 2000 Census, the borough population was 7,547. Haddon Heights was incorporated as a borough by an Act of the New Jersey Legislature on March 2, 1904, from portions of the , Pauls graduated Phi Beta Kappa Phi Beta Kappa: see fraternity. Phi Beta Kappa Leading academic honour society in the U.S., which draws its membership from college and university students. The oldest Greek-letter society in the U.S. from Dickinson College in Carlisle, Pennsylvania with a BA in Economics. He also is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . The Company also announced that Executive Vice President C. Edward Jordan, Jr., a 28-year Commerce veteran who formerly served as Chief Financial Officer, will serve as the Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. . Jordan will continue to focus on communications with the investment community, both institutional and retail. 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 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.032002/bb4 |
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