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Commerce Opens 200th Store in New Jersey

Commerce Bank, the largest bank headquartered in New Jersey, said today that it had opened its 200th store in the state. The store is located in downtown Newark’s redevelopmentCommerce Bank (NYSE: CBH), the largest bank headquartered in New Jersey, said today that it had opened its 200th store in the state. The store is located in downtown Newark’s redevelopment zone, which will include the to-be-built Newark Arena.

“We are very pleased to take an active part in Newark”s economic redevelopment,” said Vernon W. Hill, Commerce’s founder and chairman. “As New Jersey”s premier hometown bank, we are committed to fostering the exciting revitalization of one of the state”s major cities.”

“Commerce Bank”s new downtown store represents an exciting part of the economic redevelopment in the city of Newark,” said Newark Mayor Cory A. Booker. Shares of Cherry Hill-based Commerce rose 2 cents to $35.35 this afternoon.

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