Metro Bank Celebrates New Name with Longer Hours, New Free Coin-Counting Machine
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HARRISBURG, Pa.--(Business Wire)-- Commerce Bank/Harrisburg (NASDAQ: COBH) today announced that it will officially operate under its new brand name, Metro Bank, starting Saturday, June 13. The bank`s parent company, Pennsylvania Commerce Bancorp Inc. will begin operating as Metro Bancorp Inc. on Monday, June 15. Metro Bancorp will trade on the NASDAQ Global Select Market under the stock ticker symbol METR. In celebration of its new name, the bank is extending its already renowned store hours and also introducing a new model of its popular free coin-counting machine. "From red cherry-flavored lollipops to smiling customer service representatives, Metro Bank will be familiar to those who knew us under the Commerce Bank brand," said Chairman, President and CEO Gary L. Nalbandian. "Attention to detail will continue to be a mark of distinction. The care we put into customer service will be unmistakable. And many things - like our convenient hours and free coin-counting service - are going to be even better." Longer Hours Metro Bank`s lobbies will be open until 6 p.m., instead of 5 p.m., Monday through Wednesday. The bank pioneered seven-day branch banking in Central Pennsylvania more than a decade ago, with store hours as early as 7:30 a.m. and as late as 8 p.m. Metro Bank stores will be open: * Monday - Wednesday: Lobby 8-6; Drive-thru 7:30-8 * Thursday and Friday: Lobby 8-8; Drive-thru 7:30-8 * Saturday: Lobby 8-3; Drive-thru 7:30-6 * Sunday: Lobby 11-4; Drive-thru 11-4 The bank also will continue to be open on all holidays throughout the year except New Year`s Day, Easter Sunday, Thanksgiving Day and Christmas Day. Magic Money Machine Families who visit the bank`s free coin counter will now be greeted by Mikey and his dog Magic, animated characters at Metro Bank`s new interactive Magic Money Machine. The Magic Money Machine simply counts loose change and prints a receipt, which can be exchanged for cash or deposited right into a customer`s account. There are two touch screens on the machine, one for adults and a separate one for children at "kids-eye-level." Customers can even win prizes by correctly guessing the amount of coins counted. Taking into account fees charged by other coin-counting services, the bank saved consumers $2.2 million last year. More Convenient Services Metro Bank also will offer all of the conveniences, products and services for which Commerce Bank/Harrisburg was known including: * Open 7 Days * Open Early, Open Late * Free Checking * Free Instant-Issue Visa® Debit Card * Free Visa® Gift Card * 24/7 Live Customer Service * Free Online Banking and Bill Pay Customers can continue to use their existing Commerce Bank/Harrisburg checks, debit cards and ATM cards. New Metro Bank checks will be issued upon reorder. New Metro Bank debit and ATM cards will be issued to customers later this year. The bank, which opened its first location in Camp Hill, Pa., in 1985, pioneered industry-changing conveniences including seven-day branch banking, free personal checking, free coin counting and use of a prototype store design. Commerce Bank/Harrisburg is changing its name to Metro Bank because its license to use the Commerce Bank brand and red "C" logo, granted by Commerce Bancorp Inc. (now TD Bank), is expiring. Commerce Bank/Harrisburg and its parent company, Pennsylvania Commerce Bancorp Inc., are not affiliates of TD Bank. On November 10, 2008, Pennsylvania Commerce Bancorp entered into a definitive agreement to acquire Philadelphia-based Republic First Bancorp Inc. in a tax-free all stock transaction. The combined organization will have total assets exceeding $3 billion and a network of 45 stores in Central Pennsylvania, Metro Philadelphia and Southern New Jersey. The merger is expected to close in the third quarter of 2009, subject to regulatory approval. About Metro Bank Metro Bank is a financial services retailer with 33 stores in the counties of Berks, Cumberland, Dauphin, Lancaster, Lebanon and York. Headquartered in Harrisburg, the bank`s services include seven-day banking, free checking, free instant-issue Visa debit card, free coin-counting machines, free online banking and 24/7 live customer service. The bank also offers commercial banking services including term loans, commercial mortgages, lines of credit and cash management services. About Republic First Bank Republic First Bank is a full-service, state-chartered commercial bank with assets of $1 billion. The bank provides diversified financial products through its 12 offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania; and Voorhees, New Jersey. FORWARD LOOKING STATEMENTS This news release contains forward-looking statements about Pennsylvania Commerce Bancorp and Republic First Bancorp and the proposed transaction between the companies. There are several factors - many beyond the parties` control - that could cause actual results to differ significantly from expectations described in the forward-looking statements. Forward-looking statements speak only as of the date they are made and the companies do not undertake any obligation to update them to reflect changes that occur after that date. For a discussion of factors that may cause actual results to differ from expectations, refer to each company`s filings with the Securities and Exchange Commission (SEC) and available on the SEC`s website at www.sec.gov. Commerce Bank/Harrisburg Jason S. Kirsch, APR, 717-412-6200 jason.kirsch@commercepc.com Copyright Business Wire 2009
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