Michael H. Copley Joins Commerce Bank As Senior Vice President Of Reta

CHERRY HILL, N.J., Jan. 26 /PRNewswire-FirstCall/ -- Commerce Bancorp, Inc. announced today that Michael H. Copley has joined Commerce to fill the newly created position of Senior Vice President of Retail Lending. Copley will be responsible for the bank's residential mortgage, consumer lending and credit card business lines.

(Photo: http://www.newscom.com/cgi-bin/prnh/20050126/PHW021 ) (Logo: http://www.newscom.com/cgi-bin/prnh/20050104/PHTU036LOGO )

Prior to joining Commerce, Copley most recently was Senior Executive Vice President / Director of Revenue, Risk and Insurance Products for MBNA America Bank. During his 11-year tenure with MBNA, Copley also held a variety of senior management positions that focused on financial management services, customer satisfaction, collections, recovery, mortgages, and several specialized lines of commercial banking involving food service, facilities management, and fleet services. Earlier, Copley served as Vice President / Mortgage Business Director for Citibank.

"Michael Copley's diversified financial services experience will enable us to build significantly on the success of our consumer credit and residential mortgage business," said Commerce Bank Founder and Chairman Vernon W. Hill. "He also is well prepared to help us broaden the scope of our credit card services and reinforce our commitment to delivering unmatched service and convenience through our various consumer credit delivery channels."

The addition of Copley reflects Commerce's continuing emphasis on building its senior management team to keep pace with the bank's rapid expansion both in new stores and convenient products and services.

About Commerce Bank

Commerce Bank, "America's Most Convenient Bank(R)," is a leading retailer of financial services with 320+ convenient stores in New Jersey, New York, Pennsylvania and Delaware. Headquartered in Cherry Hill, N.J., Commerce Bancorp has more than $30 billion in assets and, in 2004, achieved a deposit increase of 34% and earnings per share growth of 26%. For more information about Commerce, please visit the company's interactive financial resource center at http://commerceonline.com/.

Forward-Looking Statements

The Company may from time to time make written or oral "forward-looking statements", including statements contained in the Company's filings with the Securities and Exchange Commission, in its reports to stockholders and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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