Commerce bucks banking trend by opening three new branches in just four weeks.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)--Oct. 19, 1995--Commerce Bank is rounding out the year with a growth surge, as it opens three new Delaware Valley The Delaware Valley is the name of the metropolitan area centered on the city of Philadelphia in the United States. The region is named for the Delaware River which flows through it. branches in just four weeks beginning this Saturday, Oct. 21, in Lawrence Park Lawrence Park may mean:
Other new branches will open in Chichester (Delaware County) on Nov. 11 and in Absecon, N.J. on Nov. 18. This latest round of growth raises the bank's branch total to 50 and completes the first year of Commerce's five-year plan Five-Year Plan, Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. calling for the construction of up to 10 new branches per year and the doubling of the bank's assets to $5 billion by the year 2000. While many of the area's banks are coping with The Coping With series of books is a series of books aimed at 11-16 year olds, written by Peter Corey and published by Scholastic Hippo. The first book, Coping with Parents, was released in 1989, and the series continued until the last book, Coping with Cash a wide range of issues stemming from the recent consolidation wave and announcements of substantial reductions in branches and employees, Commerce is taking a completely different approach. For Commerce, the future of banking depends on a strong, rapidly growing network of strategically placed branch offices offering seven-day a week banking and staffed by employees who focus on providing an exceptionally high level of personalized service for their retail and commercial customers. Commerce Bank's momentum stems from what Chairman and founder Vernon W. Hill describes as a retail approach to banking. "Commerce is building a recognizable brand in much the same way successful retail chain goes about its marketing," noted Hill. In keeping with this strategy, nearly all of Commerce's 48 offices have the exact same distinctive look with three to five drive thru banking lanes. In addition, two Commerce hallmarks, namely its seven-day banking hours (8 a.m. to 8 p.m. Monday through Friday, 8 a.m. to 6 p.m. on Saturday and Noon to 4 p.m. on Sunday) and its no fee checking with a minimum balance of just $100, epitomize the bank's customer-focused retail mentality. The bank also hosts an assortment of special events ranging from ice cream socials to child safety days at its branches throughout the year to reinforce its local presence. Other unique offers like a money saving deal that enables Commerce customers to save up to 30% on their long-distance telephone bills coupled with home banking and VISA Debit Card products are part of the bank's aggressive marketing campaign. Commerce Bancorp 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 ) is a multi bank holding company headquartered in Cherry Hill with $2.3 in assets and 48 offices serving Metropolitan Philadelphia and Southern New Jersey. CONTACT: Commerce Bancorp, Cherry Hill David A. Flaherty, Vice President/Marketing, 609/751-9000, ext. 7981, fax: 609/424-1629 |
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