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COMMERCE BANCORP OFFERING DECLARED EFFECTIVE

 COMMERCE BANCORP OFFERING DECLARED EFFECTIVE
 CHERRY HILL, N.J., June 18 /PRNewswire/ -- Commerce Bancorp, Inc.


(NASDAQ: COBA) announced today that its registration statement for the sale of 1,725,000 shares of common stock (including an over-allotment option) at $10.50 per share was declared effective today.
 All of the shares of common stock are being sold by the company. The purpose of the offering is to raise capital for general corporate purposes including providing additional equity capital to its banking subsidiaries to support their future growth and for possible future acquisitions.
 The managing underwriters are Wheat First Butcher & Singer Capital Markets, Legg Mason Wood Walker, Incorporated (books) and Foley Mufson Howe & Company.
 Commerce Bancorp is a multi-bank holding company headquartered in Cherry Hill, with 31 branch offices serving metropolitan Philadelphia and southern New Jersey.
 /delval/
 -0- 1/16/92
 /CONTACT: Vernon W. Hill II, chairman and president, or C. Edward Jordan Jr., executive vp, of Commerce Bancorp, 609-751-9000/
 (COBA) CO: Commerce Bancorp, Inc. ST: New Jersey, Pennsylvania IN: FIN SU: OFR


LJ-CC -- PH017 -- 1464 06/18/92 11:27 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
Words:181
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