CHERRY HILL, N.J. — Commerce Bancorp. Inc. has formed a corporate investment bank, Commerce Equity Capital Markets.

The new division, part of Commerce Capital Markets Inc., is headquartered in Philadelphia.

Commerce said in a press release Wednesday that it had hired 18 analysts and investment bankers from Janney Montgomery Scott LLC, a Philadelphia-based regional broker-dealer, including Michael J. Mufson as executive vice president of the equity capital markets group. Mr. Mufson was a co-director of investment banking at Janney Montgomery.

“The new group will enable us to provide comprehensive investment banking services for Commerce Bank’s growing number of commercial customers at a time when regional investment banks are disappearing,” Commerce chairman Vernon W. Hill said in the release.

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