Commerce Bancorp, Cherry Hill, N.J., said it will buy the largest insurance brokerage in Delaware by the end of this quarter.

The acquisition of J.A. Montgomery Inc., Wilmington, would add $70 million in annual insurance premiums to the bank's growing insurance arm, Commerce National Insurance Services. That would bring the bank's total premium volume to $350 million annually, said David Flaherty, a bank spokesman.

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