TITLE

Commerce to Sell? Why Some Doubt It Will Occur

AUTHOR(S)
Rieker, Matthias
PUB. DATE
July 2007
SOURCE
American Banker;7/3/2007, Vol. 172 Issue 127, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses whether holding company Commerce Bancorp Inc. will be sold in a takeover due to new management and slow growth. The company's board of directors agreed to comply with directives from regulators to sever business relationships with firms employing relatives of Commerce chief executive officer (CEO) Vernon W. Hill. The board has asked Hill to resign. Robert D. Falese Jr., Commerce's head of commercial banking, has been appointed president and make become CEO as well.
ACCESSION #
25607611

 

Related Articles

  • Same Strategy, New Tone For Commerce Bancorp. Rieker, Matthias // American Banker;7/25/2007, Vol. 172 Issue 142, p20 

    The article reports on statements made by Commerce Bancorp Inc.'s designated chief executive Robert D. Falese Jr. Falese announced to Wall Street that Commerce will maintain its banking strategy in spite of regulatory problems and slowing deposit and loan growth. Despite demands from regulators...

  • Commerce's Negotiated Underwriting Dwindled With Controversy. Hanson, Matthew // Bond Buyer;10/4/2007, Vol. 362 Issue 32727, p27 

    The article reports on the acquisition of New Jersey-based Commerce Bancorp. Inc. by TD Bank Financial Group in the U.S. The buying comes just months after Commerce founder Vernon Hill left the firm, and TD Bank is billing the $8.5 billion cash-and-stock deal as a boon to its U.S. retail banking...

  • CEO Hill Talks About Deals, Rivals, Goals. Rieker, Matthias // American Banker;7/27/2005, Vol. 170 Issue 143, p1 

    Focuses on New Jersey-based Commerce Bancorp Inc.'s purchase of Florida-based Palm Beach County Bank as Commerce expands. Comments from Vernon W. Hill 2d, chairman and chief executive of Commerce about his bank's efforts to expand into Florida and Boston, Massachusetts; Description of financial...

  • Mr. Hill Plays Through. McKnight, Marshall // Business News New Jersey;4/1/2002, Vol. 15 Issue 14, p14 

    Profiles Vernon W. Hill II, chief executive officer of Commerce Bancorp. Plans of Hill to pull the company into the elite club of the top U.S. banks; Fascination of Hill on people making money; Design of the home of Hill; Interest of Hill in politics.

  • Sowing branches in the garden state. Kapiloff, Howard // American Banker;9/8/1994, Vol. 159 Issue 173, p4 

    Features Vernon W. Hill, chairman and president of Commerce Bancorp. Expansion plans; Praises of Hill's expansion strategy from banking analysts; Bank assets; Ranking; Banking technologies; Charges for automated teller machine users.

  • At N.J.'s Commerce, CEO Says Profit Rise Can't Last. Agosta, Veronica // American Banker;4/11/2002, Vol. 167 Issue 69, p20 

    Focuses on the views of Vernon W. Hill, chairman and president of Commerce Bancorp Inc., on the growth of the company profits in New Jersey. Details on the marketing performance of the company; Analysis of the net income; Increase of company assets.

  • Crashing the party. Sonik, Claude // Long Island Business News (7/1993 to 5/2009);5/31/2002, Vol. 49 Issue 23, p1A 

    Focuses on the business of Commerce Bancorp Inc. under the management of founder Vernon W. Hill in Long Island, New York. Growth of the bank through expansion; Number of Commerce branches; Benefits of the consolidations of Washington Mutual and Citibank to Commerce.

  • HE'LL TAKE MANHATTAN. Milligan, Jack // U.S. Banker;Oct2001, Vol. 111 Issue 10 

    Profiles Vernon W. Hill II, chairman and founder of Commerce Bancorp in Cherry Hill, New Jersey. Accounts on the leadership of Hill; Efforts of penetrating into the New York City retail banking market; Focus on the convenience and service quality in the operating strategy.

  • You want fries with that withdrawal? Garver, Rob // Business News New Jersey;07/27/98, Vol. 11 Issue 28, p22 

    Focuses on the management of Commerce Bancorp's operation in Cherry Hill, New Jersey. Chief Executive Officer Vernon Hill's goals in creating the bank's corporate identity; Expansion strategy; Hill's career in banking; Hill's attitude toward competition; Growth rate of the bank.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics