Td Bank Financial Group to Buy Cherry Hill, N.J.-Based Commerce Bancorp
Long Island Business News › October 03, 2007
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Summary
Four months after its chief executive Vernon Hill resigned amid scandal, Commerce Bancorp has agreed to be acquired by TD Bank Financial Group for $8.5 billion.
The deal ends a stunning chapter for Cherry Hill, N.J.-based Commerce, which spent years building up its network through de novo branch expansion. The company also revolutionized how banks conducted business by opening branches for seven days and allowing non-customers to use its branches to cash in change free of charge.See the full content of this document
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Td Bank Financial Group to Buy Cherry Hill, N.J.-Based Commerce Bancorp
The bank was riding high until Hill, who founded the bank ...
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