TITLE

Commerce's Rivals Assess A Business Model's Influence

AUTHOR(S)
Rieker, Matthias
PUB. DATE
October 2007
SOURCE
American Banker;10/3/2007, Vol. 172 Issue 191, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the banking approach of Commerce Bancorp Inc.'s founder Vernon W. Hill. John A. Kansas, former chairman of North Fork Bancorp Inc., admits to taking several ideas from Hill, including placing coin counting machines within branches. Chief executive officer and chairman of Astoria Financial Corp. George L. Engelke has adopted Hill's idea for extended branch hours.
ACCESSION #
26971844

 

Related Articles

  • 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.

  • 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.

  • Branches, Service and Vernon, Vernon, Vernon. Sraeel, Holly // U.S. Banker;Apr2003, Vol. 113 Issue 4, p8 

    Comments on Commerce Bancorp Inc. chief Vernon Hill's hold on the retail banking sector in the U.S. Discussions on Hill's influence in the sector at a meeting held by retail bankers; Hill's branch banking strategy.

  • Tactics Change in New York City Turf War. Rieker, Matthias // American Banker;11/22/2004, Vol. 169 Issue 224, p11 

    Focuses on the "Manhattan Project" strategy of North Fork Bancorp Inc. and Commerce Bancorp to increase their deposit share and number of branch offices in New York City. Indication that larger companies like J.P. Morgan Chase are competing with the regional banking companies; Comment of Vernon...

  • Commerce Suspends Contributions. Braun, Martin Z. // Bond Buyer;4/30/2003, Vol. 344 Issue 31625, p1 

    Facing increasing scrutiny over political contributions, Commerce Bancorp Inc. chairman and president Vernon W. Hill 2d said the bank would suspend contributions in New Jersey from its political action committee while the state Legislature debates anti-pay-to-play legislation.Earlier in May...

  • The artillery in Hill's ground war? De novo branches, deposit growth. Engen, John // U.S. Banker;Nov2003, Vol. 113 Issue 11, p42 

    Focuses on the role of Commerce Bancorp chief executive officer Vernon Hill in the company. Status of Hill as one of the best-known and most-mimicked chief executive officers in the U.S.; Performance chart-topping results of New Jersey-based Commerce Bancorp; Hill's career highlights.

  • Family banking at Commerce. Serwer, Andy // Fortune;3/4/2002, Vol. 145 Issue 5, p211 

    Profiles Commerce Bancorp, a bank that offers friendly service, longer hours, and is open on Sunday, in exchange for lower rates on saving accounts and no interest on checking. Increase in the bank's earnings and stock prices; Questions surrounding the bank's interior design, as provided by...

  • Reaffirming Commerce's Model -- and Then Some. Rieker, Matthias // American Banker;7/14/2003, Vol. 168 Issue 133, p1 

    Nothing less grand than New York's Radio City Music Hall seemed appropriate as the venue for Commerce Bancorp Inc.'s 30th anniversary celebration. Chairman Vernon W. Hill has made it his personal mission to prove Commerce is a different kind of bank, and extravagance is one of its hallmarks. So...

  • Vernon Hill vs. the curve. Cocheo, Steve // ABA Banking Journal;May2006, Vol. 98 Issue 5, p26 

    The article discusses the growth of Commerce Bancorp under the leadership of its founder, chairman, president and CEO Vernon Hill II. The bank has an average 36 percent total deposit growth rate, with a 27 percent core growth rate in 2005. The importance of motion in the growth of the company is...

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