CHERRY HILL, N.J., Sept. 12 /PRNewswire-FirstCall/ — Commerce Bancorp Inc. announced today that William G. Palkewick has joined the Bank as a Vice President and Real Estate Manager.

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Prior to joining Commerce, Palkewick served as the Director of Real Estate Development for the Toys “R” Us corporation. During his 21-year tenure with the company, Palkewick successfully completed more than 250 transactions involving Toys “R” Us sites in regional shopping malls, strip shopping centers, and free-standing stores throughout the mid-west and southeast United States. His responsibilities included strategic real estate analysis and planning, demographic analysis, site location research, retail market analysis, and the negotiation of related legal documents.

“Bill’s extensive commercial real estate development experience with a growth-oriented retail chain will make him a valuable addition to our Real Estate Development team,” said Robert Falese, President and CEO of Commerce Bank N.A. “Bill’s proven track record at Toys ‘R’ Us is an ideal match with Commerce Bank’s retail strategy. His focus on the successful completion of real estate transactions will help to foster the ongoing growth of the Commerce network.”

As a Vice President and Real Estate Manager for Commerce Bank, Palkewick will be responsible for sourcing new store sites and managing the real estate development process within the Bank’s northeast region, with a particular focus on metro New York City, Long Island and Connecticut. He will work closely with Senior Vice President Mark J. Olear, Commerce Bank’s Director of Real Estate Development, who led the real estate team responsible for developing Home Depot’s retail locations throughout the eastern United States and Caribbean prior to joining the Bank recently.

About Commerce Bank

Commerce Bank, “America’s Most Convenient Bank,” is a leading retailer of financial services with 440+ convenient stores in New Jersey, New York, Connecticut, Pennsylvania, Delaware, Washington, D.C., Virginia, Maryland and Florida. Headquartered in Cherry Hill, N.J., Commerce Bancorp has $48.2 billion in assets and in second quarter 2007 achieved a 17% increase in core deposits, a 15% increase in net loans and total asset growth of 11%. For more information about Commerce, please visit the company’s interactive financial resource center at http://commerceonline.com, or call 888-751-9000.

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.

These forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, that are subject to significant risks and uncertainties and are subject to change based on various factors (some of which are beyond the Company’s control). The words “may”, “could”, “should”, “would”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, and similar expressions are intended to identify forward-looking statements. The following factors, among others, could cause the Company’s financial performance “or other forward-looking statements” to differ materially from that expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies, including interest rate policies of the Board of Governors of the Federal Reserve System (the “FRB”); inflation; interest rates, market and monetary fluctuations; the timely development of competitive new products and services by the Company and the acceptance of such products and services by customers; the willingness of customers to substitute competitors’ products and services for the Company’s products and services and vice versa; the impact of changes in financial services’ laws and regulations (including laws concerning taxes, banking, securities and insurance); technological changes; future acquisitions; the expense savings and revenue enhancements from acquisitions being less than expected; the growth and profitability of the Company’s non-interest or fee income being less than expected; unanticipated regulatory or judicial proceedings “(including those regulatory and other approvals necessary to open new stores)” ; changes in consumer spending and saving habits; and the success of the Company at managing the risks involved in the foregoing.

The Company cautions that the foregoing list of important factors is not exclusive. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

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