Commerce Bancorp of Cherry Hill, N.J., is buying its eighth insurance
The $6 billion-asset banking company expects a September closing of the
The deal would give Commerce its first insurance office in Monmouth
Terms of the deal for the 20-employee agency were not disclosed.
The banking company plans to make H. William Mullaney, who founded the
No staffing changes are expected, the spokesman said.
Commerce would not disclose Mullaney's sales.
However, the acquisition should push its insurance arm's premium sales