BNET Industries

Last Fiscal Year Sales:$2.8B
- Public
- US
Dow Jones Description
Bank Holding Company
Chairman & CEO
Robert D. FaleseNumber of Employees 11,800
Contact Information
Commerce Atrium
1701 Route 70 East
Cherry Hill, New Jersey 08034-5400
(856) 751-9000
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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commerce bancorp inc. - All News and Analysis
Fitch Affirms Toronto-Dominion on Commerce Bancorp Acquisition
NEW YORK -- Fitch Ratings has affirmed the following ratings for The Toronto-Dominion Bank TD and upgraded the ratings of Commerce Bancorp, Inc. CBH and its principal subsidiaries. These rating actions follow today's announcement that TD has completed the acquisition of 100% of CBH. TD's Rating Outlook remains Stable. ...
Having words with Vernon W. Hill II: founder and retired chairman and chief executive, Commerce Bancorp Inc. chairman of executive commitee, Saladworks Inc
Saladworks Inc., an up-and-coming, fast-casual operator and franchisor, just landed a fresh infusion of green and a new partner. Vernon W. Hill II, the founder of Commerce Bank and its retired chairman and chief executive, earlier this month made an undisclosed minority investment in the Conshohocken, Pa.-based chain and will...
Commerce Bancorp Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you sir. At this time if you would like to ask a question please register by pressing the star key followed by the digit one on your touchtone telephone. If you’re using a speakerphone, please make sure your mute function has been turned...
New details on Commerce Bank sale
George E. Norcross III, a leading Democratic Party figure in South Jersey, got his insurance business back and $7.6 million in special payments from the pending sale of Commerce Bancorp Inc. Commerce disclosed yesterday in a proxy statement that it received $121 million from the previously reported sale of Commerce...
Commerce Bank: Customers' data leaked
A Commerce Bancorp Inc. employee gave out personal information on an unspecified number of the Cherry Hill bank's customers, a company official said yesterday. "It's a matter that's impacting a small number of our three million customers in a relatively small geographic area," Commerce spokesman David Flaherty said. Commerce, which...
Toronto-Dominion Bank to Buy Commerce Bancorp Inc. for 2.85 Times Revenue
The Deal: Toronto-Dominion Bank has agreed to acquire Commerce Bancorp in a cash-and-stock transaction. Under the terms of the deal, TD Bank will pay 75 percent of the purchase price in stock and 25 percent in cash. Based on recent closing prices, the deal values Commerce at $42.37 per share,...
MOODY'S AFFIRMS TD ON COMMERCE ANNOUNCEMENT; COMMERCE ON REVIEW FOR UPGRADE
Moody's Investors Service affirmed itsratings on Toronto- Dominion Bank (TD, bank financial strength at B+,long-term deposits at Aaa) and TD Banknorth, Inc. (TD Banknorth, seniordebt at Aa3; lead bank financial strength at B- and long-term deposits atAa2)Moody's Investors Service affirmed itsratings on Toronto- Dominion Bank (TD, bank financial strength at...
Correction: Fitch Affirms Toronto-Dominion Bank's IDR;Places Commerce Bancorp On Rtg Watch Positive
CHICAGO -- (This is an amended version of a release issued earlier today, it removes the preferred stock rating on HUBCO Capital Trust I and Peoples Heritage Capital Trust I.) Fitch Ratings has affirmed the following ratings for Toronto-Dominion Bank TD and revised the Rating Watch for Commerce Bancorp,...
Fitch Places Commerce Bancorp, Inc. on Rating Watch Negative
NEW YORK -- Fitch Ratings has placed the ratings of Commerce Bancorp, Inc. (NYSE: CBH) on Rating Watch Negative following the company's disclosure that it has been advised that it expects its bank subsidiary, Commerce Bank, N.A., to enter into a consent order relating to issues of corporate governance, related...
Commerce Bank says profit flat in first quarter
Commerce Bancorp Inc. yesterday reported flat earnings for the first quarter, as a difficult interest-rate environment and expenses from new branches pressured its profit margin.Chairman and chief executive officer Vernon W. Hill II also told analysts in a conference call that the fast-growing Cherry Hill bank had not decided to...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| D. Scott Huggins | Chief Risk Officer |
| David Wojcik | Senior Vice President & Chief Regulatory Officer |
| Michael J. Zebrowski | COO, EMoney Advisor Group |
| C. Edward Jordan | Executive Vice President, Finance |
| Linda Verba | Executive Vice President |
| Peter Musumeci | Executive Vice President & Treasurer and Assistant Secretary |
| David Schlesinger | Senior Vice President |
| Edward J. O'Malley | Senior Vice President & Marketing Officer |
| John Cunningham | Senior Vice President, Marketing |
| Michael D. Shepard | Senior Vice President & Head, Bank Secrecy Act Unit |
| Dave Kuhnlein | Vice President, Field Marketing, New York Metro Area |
| David Flaherty | Vice President, Corp Communications |
| Paul Chau | Managing Director & Head, Institutional Middle Market |
| James Gillespie | Co-Manager & Senior Vice President-Health-Care Practice |
| Alexander Bono | General Counsel |
| Andrea Richards | |
| Greg Braca | |
| Jane Broderick-McCord | |
| John Ditta | |
| John J Jack Tarditi | |
| Joseph Duncan | |
| Patricia M Haines | |
| Scott Davenport | |
| William C Handlan |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Robert D. Falese | Chairman & CEO |
| Daniel J. Ragone | Board of Directors |
| Donald T. Difrancesco | Board of Directors |
| Douglas J. Pauls | Board of Directors |
| George E. Norcross | Board of Directors |
| Jack R. Bershad | Board of Directors |
| John K. Lloyd | Board of Directors |
| Joseph Buckelew | Board of Directors |
| Joseph S. Vassalluzzo | Board of Directors |
| Joseph T. Tarquini Jr. | Board of Directors |
| Morton N. Kerr | Board of Directors |
| Robert Beck | Board of Directors |
| Steven M. Lewis | Board of Directors |
| Vernon W. Hill II | Board of Directors |
| William A. Schwartz Jr. | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Chairman & CEO | Current |
| Commerce Bancorp, Inc. | President, Commercial & Investment Banking | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Chief Risk Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Senior Vice President & Chief Regulatory Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | COO, EMoney Advisor Group | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Executive Vice President, Finance | Current |
| Commerce Bank, N.A. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Executive Vice President | Current |
| Commerce Bank, N.A. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Executive Vice President & Treasurer and Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Senior Vice President & Marketing Officer | Current |
| United Way of America | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Senior Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Senior Vice President & Head, Bank Secrecy Act Unit | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Vice President, Field Marketing, New York Metro Area | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Vice President, Corp Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Managing Director & Head, Institutional Middle Market | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Co-Manager & Senior Vice President-Health-Care Practice | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current | |
| Blue Cross & Blue Shield Association | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current | |
| United Way of America | active fundraiser | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current | |
| The Penn Mutual Life Insurance Company | corporate officer | Former |
| The American National Red Cross | Former | |
| Drexel University | MBA | Former |
| Lycoming College | BS degree | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current | |
| PricewaterhouseCoopers | Senior Benefits Consultant | Former |
| Lafayette College | BA degree | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current | |
| Glassboro State College | BS degree | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Current | |
| James Madison University | BA degree | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| BankUnited Financial Corporation | Senior Executive Vice President & Chief Financial Officer | Current |
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Commerce Bancorp, Inc. | Executive Vice President & Chief Financial Officer | Former |
| Commerce Bank, N.A. | CFO | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce National Insurance Services Inc. | Executive Chairman | Current |
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Saint Barnabas Health Care System | Board of Directors | Current |
| Commerce National Insurance Services Inc. | Branch Manager | Former |
| New Jersey Highway Authority Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Delaware Investments | CFO | Former |
| Price Waterhouse & Co. | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
| Commerce Bancorp, Inc. | Chairman & President | Former |
| Commerce Bank Central N.A. (Inc.) | President | Former |
| Organization | Position | Status |
|---|---|---|
| Commerce Bancorp, Inc. | Board of Directors | Current |
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