Commerce Bancorp Inc. and McDonald’s, an unlikely combination that works

Posted on October 6, 2005 , filed under Stocks | Print This Post

Unsurprising to many, the founder of Commerce Bancorp Inc. used to be a developer of McDonald’s restaurant sites and an owner of Burger King franchises. He adopted a franchise philosophy with Commerce Bancorp, stressing customer service and convenience as the retail banks top priorities. Commerce Bank is the nations fastest growing bank and for good reason. Walk into the bank and you are immediately greeted by a host with a bucket of candy ready to direct you to the department you need. The bank is decorated with Plasma TV’s, has no formal lines or tellers behind a plexiglass barrier. Commerce bank is open seven days a week and at late hours. The company has picked excellent high traffic locations. I believe that Commerce Bancorp will ultimately become the WalMart of retail banking chains. Commerce has enjoyed sustained growth in the last year and as long as they can continue to open new branches, in areas well served by their franchise philosophy, the stock should resume its upward momentum.

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