The story: Commerce bank was a huge local bank in the Philly region and was a fantastic bank. They had long hours, open 7 days a week, outstanding customer service. I think over the 80s and 90s their stock outperfomed Microsoft. Then they got bought by TD Bank from Canada and slowly all that has been eroding.
Meanwhile after the sale the owner of the original Commerce had a non-compete and when it expired he created Republic Bank, a clone of the old Commerce Bank and their model of customers first. But I've noticed that the branches never seem busy at all. For whatever it just never caught on. I think because changing is just too big a pain in the butt to change banks due to electronic bill payment, once it's in place. That's why I never went to it.
However my mom doesn't have that issue and did open an account there and I manage her money (she's in her 90s) so this does effect me, unfortunately.
[The story: Commerce bank was a huge local bank in the Philly region and was a fantastic bank. They had long hours, open 7 days a week, outstanding customer service. I think over the 80s and 90s their stock outperfomed Microsoft. Then they got bought by TD Bank from Canada and slowly all that has been eroding.
Meanwhile after the sale the owner of the original Commerce had a non-compete and when it expired he created Republic Bank, a clone of the old Commerce Bank and their model of customers first. But I’ve noticed that the branches never seem busy at all. For whatever it just never caught on. I think because changing is just too big a pain in the butt to change banks due to electronic bill payment, once it’s in place. That’s why I never went to it.]