And Then There Were…None? « JerseySmarts.com

And Then There Were…None?

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Well, the last homegrown bank in New Jersey was sold off to a Canadian company earlier this morning. If you haven’t heard yet, TD Bank Financial Group has struck a deal with Commerce Bank to purchase the entire nugget. Early word is that NJ Political Boss George Norcross III struck a simultaneous deal with TD Bank to re-acquire the insurance division of Commerce Bank.

The other thing I heard is that the bank will be rebranded under the TD Bank logo. For those of us on the Jersey shore (where Commerce banks are ubiquitous) - that should be a fun “makeover” job to watch next summer!

There goes yet another large-scale/regional business headquartered in New Jersey!

This entry was posted on Tuesday, October 2nd, 2007 at 9:56 am and is filed under Money, Jobs, & Finances. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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