LYCOS RETRIEVER
Commerce Bank
built 225 days ago
"Over the years, Commerce Bank has consistently been one of our top lending partners," said New Jersey SBA District Director James A. Kocsi. "They are a strong supporter of the small business community with innovative financial solutions and their $90 million in SBA New Jersey loan approvals represents 18 percent of our statewide total."
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The Commerce Bank established in 1865 is started by Francis Reid Long when he came to Kansas City with $10,000 capital. By 1890, the Commerce Bank, which was named as National Bank of Commerce, was the largest bank in west of Chicago. The bank which operates in three states: Missouri, Kansas and Illinois is a Missouri-based company with its headquarters in Kansas City and St. Louis. The bank which has $13.9 billion in assets, provides financial services for businesses and individuals.
In a stunning upset, Commerce Bank moved to first place and US Bank, yesterday's champion, staggered and fell behind. MBNA, while shaving off about four minutes time from yesterday, still finished amongst the laggards. Impressive gains for Washington Mutual as well. more
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CHERRY HILL, N.J., Nov. 6 /PRNewswire-FirstCall/ -- For the past decade, Commerce Bank (NYSE: CBH) has been named one of the top Small Business Administration (SBA) lenders on the East Coast. For fiscal year ending 9/30/07, Commerce is ranked 13th in dollar volume for SBA loans in the nation out of 650 banks with production of $195 million. The ranking is based upon figures supplied by the SBA District Offices located throughout the county.
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If you have accounts at Commerce Bank, you should be very concerned about your files being used for identity theft purposes. The bank has sent out notices to impacted customers, so make sure to keep an eye out for anything in the mail.
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CHERRY HILL, N.J. (AP) - Commerce Bancorp's profit tumbled 47 percent in the fourth quarter as a book of loans to real estate developers soured amid flagging property values, the bank said. AP
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