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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > Commerce Bancorp, Inc.

Commerce Bancorp, Inc.
NYSE: CBH
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 PROFILE
Commerce Bancorp is the holding company for Commerce Banks, which operate more than 150 branches in New Jersey, southeastern Pennsylvania, and Delaware. Standard retail services offered by the banks include checking and savings accounts, money market accounts, and CDs. Corporate trust services are also available. Commercial real estate loans make up about 40% of the banks' loan portfolio, which also includes residential mortgage, home equity, and consumer loans. Nonbank subsidiaries sell property/casualty, commercial, and other lines of insurance and deal in securities. Commerce Bancorp is expanding through branch construction.

 COMPETITION
First Union Corporation (FTU)
FleetBoston Financial Corporation (FBF)
The PNC Financial Services Group, Inc. (PNC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 656.10
1-Yr. Sales Growth: 31.0%
Employees: 4,230
Revenue per employee: $155,106.38

 KEY PEOPLE
• Vernon W. Hill
    CEO
• Thomas J. Sukay
    CFO

 CONTACT INFO
Commerce Atrium
Cherry Hill, NJ 08034
US
Phone: 856-751-9000
Fax: 856-751-9260
Online: Web Site

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