At Commerce, Emphasis Remains Firmly on Growth

Kulikowski, Laurie
April 2006
American Banker;4/13/2006, Vol. 171 Issue 71, p1
Trade Publication
This article discusses the increase in growth of Commerce Bancorp Inc.'s commercial business over the past year and chairman and chief executive Vernon W. Hill Jr.'s insistence that it is not straying from its retail-focused strategy. Commerce said in its first-quarter earnings report that its core commercial deposits rose 35% from a year earlier and 10% from the fourth quarter. Last week Commerce hired five executives from PNC Financial Services Group Inc. to help build its trade finance business.


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