Two banking companies closely affiliated with Commerce Bank founder Vernon W. Hill 2nd are planning to merge, with the intention of creating a Commerce-like franchise in Pennsylvania, New Jersey, and perhaps beyond.

The $2.1 billion-asset Pennsylvania Commerce Bancorp Inc. in Harrisburg announced Monday that it is buying the $965 million-asset Republic Bancorp Inc. of Philadelphia for about $110 million in stock.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.