David N. Schlesinger Joins Commerce Bancorp.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. -- 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 Symbol:CBH CBH cutaneous basophil hypersensitivity. ) announced today that David N. Schlesinger has joined Commerce as a Senior Vice President. Schlesinger will be responsible for interest rate risk management, corporate treasury management, and retail deposit pricing. Prior to joining Commerce, Schlesinger served as Senior Executive Vice President of Corporate Treasury for MBNA MBNA Monument Builders of North America MBNA Mercedes-Benz North America MBNA Maryland Bank, National Association MBNA Maryland Bank North America MBNA Mount Baker Nurses Association (Bellingham, Washington) America Bank, where he planned and executed all debt, structured finance and capital financing programs initiated for the bank and managed the cashflows of the $135 billion global financial services company. Schlesinger also managed MBNA's global commercial bank and investment bank relationships and directed a team of 45 treasury professionals. Earlier, Schlesinger was a Senior Vice President / Managing Director for CoreStates Financial Corp, where he managed bank and holding company funding, investment portfolios, and liquidity management and supervised a department of 30 trading and treasury experts. "David Schlesinger's extensive experience in markets and market risk management makes him another excellent addition to our team of senior executives," said Commerce Bank Founder and Chairman Vernon W. Hill. About Commerce Bank Commerce Bank, "America's Most Convenient Bank(R)," is a leading retailer of financial services with more than 300 convenient stores in New Jersey, 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 , Pennsylvania and Delaware. In 2004, the bank plans to open 50 new locations and create 1,800 new career opportunities throughout its markets. Headquartered in Cherry Hill, NJ, Commerce Bancorp (NYSE:CBH) has more than $29 billion in assets and, in third quarter 2004, achieved a deposit increase of 34% and earnings per share growth of 25%. For more information about Commerce, please visit the company's interactive financial resource center at commerceonline.com. |
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