() is a
Cherry Hill, New Jersey based
Bank Holding Company that offers banking, insurance, brokerage, and
Investment Bank ing services in
New Jersey ,
Pennsylvania ,
New York ,
Delaware ,
Connecticut ,
Maryland ,
Virginia ,
Washington, D.C. ,
Florida .Commerce Bancorp stock is traded under the
New York Stock Exchange ticker symbol ''CBH''.
Founded in
1973 by
Wharton School graduate and
Fast-food Restaurant Franchise owner
Vernon Hill , Hill sought to bring
Fast Food convenience to banking and has rapidly expanded Commerce from one location to almost 400 in 33 years.
Commerce Bank prides itself on its exceptional customer service. Commerce feels that they are retailers and not bankers, and attempt to win customers over to their unique brand of banking. They even go so far as to call their various locations stores, and not branches.
Some features that Commerce offers it's customers include:
- 7 day lobby hours, even in Center City Philadelphia and Manhattan .
- No fees for such things as bank statements
- Instant creation of ATM cards at time of account opening
- Free "Penny Arcade" coin counting machines for both customers and non-customers
- Lollipops AND dog biscuits available at the drive-through
Commerce Bank's business model has generated what some call a cult following in the geographic areas where they currently have branches. Commerce offers mechandising such as cofee mugs, pens and pencils, so fans can show off their use of the bank.
When Commerce recently bought a bank in Florida, vacationing Commerce customers stopped into bank branches to speak to the employees and welcome them to the Commerce family.
Commerce Bank is one of the leading banks is funds availability for deposited checks. Any deposit made on a weekday before 6pm will be available the next day. Deposits made after six will be available in two days. All deposits made during the weekends and Friday after 6pm will be available Tuesday morning. Deposits of over $5,000 may be delayed two to three days for fraud prevention.
Every year since 1998 Commerce Bank has had an employee appreciation event called the WOW! Awards. This years WOW! Awards were at in
Atlantic City 2004, E-Center now the
Tweeter Center At The Waterfront in Camden, NJ in 2003 and 2002.
