Commerce National Insurance Services Expands With Purchase of Brettler Financial Group.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)--June 29, 2001 Commerce National Insurance Services, a wholly-owned subsidiary of 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 that it has entered into an agreement to acquire the Brettler Financial Group (BFG BfG Bundesanstalt für Gewaesserkunde (Germany: Federal Institute of Hydrology) BFG Big Friendly Giant (Roald Dahl book) BFG Battlefleet Gothic (game) BFG Briefing ), headquartered in Franklin, New Jersey
Franklin is a Borough in Sussex County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,160. . BFG specializes in product liability and other essential lines of insurance coverage for cutting edge firms working in the life science field, particularly those focusing on biotechnology research and development. Founder and President Daniel Brettler is an expert in the provision of insurance coverage for highly specialized life science companies. "This acquisition will enable us to expand our portfolio of commercial insurance products and services, and help to establish Commerce National as an insurance leader in the dynamic and rapidly growing life science field," said Commerce National Insurance Services' President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Edward Kiessling. "The Brettler Financial Group will also further reinforce Commerce Bank's position as the region's premier provider of comprehensive health care financial services." Brettler and his current management team will lead Commerce National Insurance Services' growth in the life science field. "Joining Commerce is an excellent opportunity for BFG. Commerce will provide the financial strength and organizational resources that will enable us to expand our business and enhance our specialized insurance services," said Brettler. Commerce National Insurance Services, with an annual premium volume that exceeds $500 million and 125,000 clients in 25 states, ranks among the nation's 20 largest insurance brokerage firms. Commerce Bank is the region's fastest growing independent financial services retailer, with assets of $9.3 billion and a network of nearly 160 branches throughout New Jersey, eastern Pennsylvania and northern Delaware. Commerce is maintaining an aggressive expansion pace, and plans to open more than 200 additional branches over the next five years. During 2001, the Bank will open more than 35 additional branches, including its first two branches in Manhattan. |
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