Expansion
While most of Commerce Bank's growth was organic, there were five large acquisitions:
- early 1990s - Four branch offices were purchased from Long Island-based Anchor Savings Bank: Cherry Hill Mall, Bellmawr, Woodcrest and West Deptford.
- January 21, 1997 - Independence Bancorp, Inc. became Commerce Bank/North.
- August 13, 1998 - Community First Banking Company and its subsidiary Tinton Falls State Bank became Commerce Bank/Shore.
- September 17, 1998 - Prestige Financial Corp. and its subsidiary, Prestige State Bank became Commerce Bank/Central
- July 25, 2005 - Palm Beach County Bank established Commerce Bank in Southeast Florida.
Read more about this topic: Commerce Bancorp
Famous quotes containing the word expansion:
“Every expansion of government in business means that government in order to protect itself from the political consequences of its errors and wrongs is driven irresistibly without peace to greater and greater control of the nation’s press and platform. Free speech does not live many hours after free industry and free commerce die.”
—Herbert Hoover (1874–1964)
“We are caught up Mr. Perry on a great wave whether we will or no, a great wave of expansion and progress. All these mechanical inventions—telephones, electricity, steel bridges, horseless vehicles—they are all leading somewhere. It’s up to us to be on the inside in the forefront of progress.”
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“Artistic genius is an expansion of monkey imitativeness.”
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