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A former Commerce Bank in Tuckerton, New Jersey, that was rebranded as TD Bank in 2009. Almost every Commerce Bank branch was built in this style, and is recognizable even after the merger. Several banks in the United States have traded under the name "Commerce Bank" or similar names, leading to brand confusion.
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In 2008, the bank shifted from commercial banking to retail banking. In 2016, the bank named Commerce Bank founder Vernon Hill as chairman. [ 1 ] In 2016, Republic Bank operated 20 locations in Pennsylvania and New Jersey .
The bank originates loans for marketplace lenders and processes payments, and is known for its roster of clients in emerging fintech sectors. [34] [35] [36] As of 2020, the bank has assets of approximately $9.9 billion and maintains 300 employees at its branch office and corporate headquarters in New Jersey.
Americans already do most of their banking online — at least 7 out of 10 U.S. households are enrolled in digital banking, according to a survey on digital financial literacy, with 95% of those ...
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