Business Services Industry
Cherry Hill, N.J.-based bank branches out to New York, Washington and Boston.
Knight Ridder/Tribune Business News, August, 2004
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Aug. 8--Let a born salesman with the drive of a real estate mogul and the political instincts of a ward boss build a financial institution, and you get something like Commerce Bancorp.
A South Jersey success story, Commerce is spending big on plans to grow across the Northeast -- while hoping the fallout from its political past does not derail the plans of its founder and chairman, Vernon W. Hill II.
Last month, as the indictment of two Commerce officials and a former adviser in a Philadelphia corruption case sent its stock down 25 percent, Cherry Hill-based Commerce reported that, for the first time, the majority of the company's nearly 300 branches...
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