Commerce Bank planning 55 new retail branches.Commerce Bank has announced plans for another record-setting year of store expansion and job creation. In 2005, Commerce will build 55+ new stores and create 1,800 career opportunities in its retail stores and support operations areas. Part of this years growth includes expansion into three new markets: metro Washington /Baltimore, Connecticut and the Lehigh Valley The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. in Pennsylvania. For 2005, Commerce Bank has under development: 10-15 stores in New Jersey; 25-30 stores in 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 and Connecticut; 10-15 stores in Pennsylvania; 10-15 stores in metro Washington D.C./Baltimore. Commerce Bank's expansion into the three new markets is a natural extension of its footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. . The move into Fairfield County, Connecticut Fairfield County is located in the southwestern corner of the U.S. state of Connecticut. Its population according to the 2000 census was 882,567, but a 2006 survey put the population at 905,000. It is the most populous county in the State of Connecticut. is part of a long-range metro New York expansion plan that will encompass 400+ retail locations with 100+ in the boroughs of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Commerce also will continue to implement its long-range plan of building a network of 200+ stores serving the metro Philadelphia area. In 2005, Commerce Bank will open 10 to 15 new prototype branches located in Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. and the District of Columbia--the first of an estimated 200 new branches throughout the Metro Washington D.C. / Baltimore area. All of the new locations will offer seven-day-a-week branch banking and free checking along with other customer amenities such as free coin-counting machines. "Commerce is a growth retailer and our move into these new markets is an extension of the momentum and acceptance we achieved throughout our footprint," said Vernon W. Hill, Commerce Bank's Founder and Chairman. "We look forward to working with local communities and townships as we provide local citizens with 7-day branch banking, extended hours, and the free services (O.Eng. Law) such feudal services as were not unbecoming the character of a soldier or a freemen to perform; as, to serve under his lord in war, to pay a sum of money, etc. See also: Free and convenience that Commerce is known for." Commerce Bank has more than doubled its network of retail stores since accelerating its expansion in the late 1990's--growing from 97 stores in 1998 to 319 by year-end 2004. The Bank's successful retail strategy and solid growth also have enabled Commerce to achieve sound profitability and excellent financial returns. |
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