CHERRY HILL, N.J., Sept. 19 /PRNewswire-FirstCall/ -- Commerce Bancorp, Inc. announced today that its Board of Directors had declared a regular quarterly cash dividend of $.12 per share on its common stock. The cash dividend will be paid to shareholders on October 20, 2006, to shareholders of record October 4, 2006.
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Commerce Bank, "America's Most Convenient Bank," is a leading retailer of financial services with 393 convenient stores in Metropolitan New York, Metropolitan Philadelphia, Metropolitan DC and Southeast Florida. Headquartered in Cherry Hill, New Jersey, Commerce Bancorp has approximately $43 billion in assets.
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