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
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