Commerce adds more new offices to its growing community bank network.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)--Aug. 29, 1995--Commerce Bank/Pennsylvania, N.A. Devon, Pa., a 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., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COBA COBA College Of Business Administration COBA Commerzbank AG COBA Cost Benefit Analysis (software) COBA Collective Of Black Artists COBA Coordination of Benefits Agreement COBA Central Oregon Builders Association ), headquartered in Cherry Hill, is moving forward with its ambitious plans to expand the bank's scope of service in Philadelphia and Southeastern Pennsylvania. On Aug. 21, Commerce opened a new Philadelphia New Philadelphia, city (1990 pop. 15,698), seat of Tuscarawas co., E Ohio, on the Tuscarawas River, in a coal and clay area; founded 1804, inc. 1833. Foundry products, machinery, and pottery are made. The Tuscarawas Campus of Kent State Univ. is there. branch in University City at 38th and Walnut streets. The bank's network of offices will grow again in mid-October when Commerce opens its Lawrence Park Lawrence Park may mean:
At a time when many banks are closing branches and shifting their customer focus, Commerce Chairman and President Vernon W. Hill strongly believes the future of community-based branch banking is alive and well. "Our retail oriented approach to banking and intense focus on providing outstanding service to local customers continues to provide the momentum for our steady growth," Hill emphasized. "Because we are locally owned and operated, our ability to develop valuable long-term relationships with both retail and business customers gives us an important competitive advantage," Hill added. Additional growth for Commerce in Pennsylvania will include branches in Collegeville, and South Philadelphia. In addition to its new and planned locations, Commerce has offices in Trooper, Whitpain, Haverford, Devon, Wayne, Springfield, Newtown Square and 19th and Market streets in Philadelphia. Commerce Bank/Pennsylvania, is a subsidiary of Commerce Bancorp Inc., a rapidly growing regional multi-bank holding company with $2.3 billion in assets and 47 offices serving Metropolitan Philadelphia to the New Jersey Shore. CONTACT: Commerce Bank, Cherry Hill David A. Flaherty, 609/751-9000 ext. 7625 |
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