| Business Summary | | Commerce
Bancorp,
Inc.
is
a
multi-bank
holding
company,
operating
primarily
in
the
metropolitan
Philadelphia,
New
Jersey
and
Delaware
markets.
The
Company's
wholly
owned
subsidiaries
include
Commerce
Bank,
N.A.,
Commerce
Bank/Pennsylvania,
N.A.,
Commerce
Bank/Shore,
N.A.,
Commerce
Bank/North,
Commerce
Bank/Central,
N.A.,
Commerce
Bank/Delaware,
N.A.,
Commerce
National
Insurance
Services,
Inc.,
Commerce
Capital
Trust
I
and
Commerce
Capital
Markets,
Inc.
Through
its
subsidiaries,
the
Company
provides
retail
and
commercial
banking
services,
corporate
trust
services,
municipal
bond
underwriting
services
and
insurance
brokerage
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Commerce
Bancorp,
Inc.
is
a
holding
company
for
banks
and
insurance
companies
operating
offices
in
New
Jersey
and
Pennsylvania.
For
the
six
months
ended
6/01,
total
interest
income
rose
23%
to
$290.2
million.
Net
interest
income
after
loan
loss
provision
rose
25%
to
$168.6
million.
Net
income
rose
29%
to
$48.5
million.
Net
interest
income
reflects
volume
increases
in
the
loan
and
investment
portfolios,
along
with
lower
interest
on
other
borrowings.
Earnings
benefited
from
higher
fee
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Vernon Hill, II, 55 Chairman,
Pres | $1.2M | $857K | C. Edward Jordan, Jr., 57 Exec.
VP, Director | 312K | 681K | Peter Musumeci, Jr., 50 Exec.
VP, Sr. Credit Officer, Treasurer and Assistant Sec. | 424K | 997K | David Wojcik, 48 Sr.
VP | -- | -- | Robert Beck, 65 Sec. | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|