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Non-Tech
Commerce Bancorp, Inc. (CBH)
An SI Board Since July 2005
Posts SubjectMarks Bans Symbol
8 1 0 CBH
Emcee:  JakeStraw Type:  Unmoderated
Commerce Bancorp, Inc., has evolved into a regional financial services leader, anchored by the financial strength of its banking subsidiaries and augmented by Commerce Insurance Services, Inc., and Commerce Capital Markets, Inc. Founded in 1973, CBH's first 32 years have been marked by rapid growth, sound profitability and excellent financial returns to its shareholders.

With assets of $33 billion, CBH is the largest bank headquartered in Southern New Jersey, serving Metropolitan Philadelphia, New Jersey, New York, Delaware, Washington, DC and Virginia. CBH is a growth retailer selling convenience, and has successfully developed and implemented a unique retail strategy. This retail approach to banking uses a chain concept and features standardized facilities, standardized hours, standardized service and aggressive marketing. The consistent delivery and reinforcement of this retail strategy for 32 years has built a brand that the consumer has accepted as truth.

CBH is "America's Most Convenient Bank" offering the best in delivery channels. The consumer is given the choice of visiting one of CBH's more than 325 convenient branch locations which are open seven days a week, using the convenience of Commerce Online - America's leading on-line home banking product, or using other self-service delivery systems such as Bank-By-Phone, Check Card, ATMs and CBH's Internet website, www.commerceonline.com.

CBH's unique retail strategy has produced exceptional financial performance. Fueled by the growth in low-cost core deposits and a cost of funds of just over 1%, over the last five years assets, loans and deposits have grown 39%, 27% and 39%, respectively. Total revenues, net income and earnings per share have increased 30%, 32% and 24%, respectively.

CBH has made a serious commitment to the insurance business. Commerce Insurance Services, Inc., was formed in 1996 through the combination of several leading local independent insurance agencies. Subsequent acquisitions have created the 24th largest insurance agency in America with annual premium volume exceeding $1 billion.

Commerce Capital Markets, Inc., provides financial advisory services to major clients in the field of education and healthcare, and is active in wealth management services.

CBH plans to continue its growth and reinforce its brand by increasing its branch offices to approximately 700 and its assets to $100 billion by 2009. Included in this plan are the targeted expansion into the Washington-Baltimore market starting in June 2005 and the subsequent entry into the Boston and Southeast Florida markets.
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