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Commerce Banc Insurance Services Adds Another Web-Based Customer Convenience

CHERRY HILL, N.J., Feb. 7, 2007 -- Commerce Banc Insurance Services, a wholly owned subsidiary of Commerce Bancorp, Inc. , announced today that a new service is now available to customers via Commerce Bank's web site at http://www.commerceonline.com/. Now customers can get instant automobile insurance rate quotes and initiate their purchase of coverage on-line. The new service is being offered through a partnership with Travelers, one of the nation's largest writers of personal insurance.

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"Auto insurance is among the most frequently shopped insurance coverage on-line. In keeping with the Commerce tradition of convenience, we want our customers to have easy access to competitive insurance rates with a highly rated, nationally recognized personal lines insurer. We've coupled great rates with great service from Commerce," said Michael Tiagwad, Commerce Banc Insurance's President.

Rosalie Grosso, Vice President of Personal Lines at Commerce Banc Insurance, added, "Thousands of customers call us for rate quotes, to purchase automobile insurance, or for service every month. It was a logical extension of our service to offer insurance shopping on-line in addition to providing customers with 24/7 service, claims help, or the ability to purchase insurance. I'm pleased we've partnered with Travelers to bring our customers this service."

The new service is available to customers by visiting http://www.commerceonline.com/equote.

About Commerce Banc Insurance Services

Commerce Banc Insurance Services (CBIS) is the nation's 23rd largest insurance agency. Since its inception in 1996, strong internal growth and a series of carefully planned acquisitions have fueled the success of CBIS.

With an annual premium volume of $1 billion and a network of 13 offices, Commerce Banc Insurance Services provides a complete range of personal insurance coverage, commercial property and casualty and employee benefits to more than 130,000 clients in all 50 states. In recent years, CBIS also has expanded its focus to include specialty insurance practices to serve clients whose needs extend beyond more traditional commercial insurance coverage, including the fields of:

   - Education              - Public Entity
   - Executive Risk         - Hospitality & Gaming
   - Life Science           - Financial Services
   - Healthcare             - Professional Liability
   - Construction           - Risk Control
   -  Non-Profit            - Surety

  About Commerce Bank

Commerce Bank, "America's Most Convenient Bank," is a leading retailer of financial services with 400+ convenient stores in New Jersey, New York, Connecticut, Pennsylvania, Delaware, Washington, D.C., Virginia, Maryland and Florida. Headquartered in Cherry Hill, N.J., Commerce Bancorp has $45.3 billion in assets and in fiscal year 2006 achieved an 18% increase in core deposits, a 23% increase in net loans and total asset growth of 18%. For more information about Commerce, please visit the company's interactive financial resource center at http://www.commerceonline.com/, or call 888-751- 9000.

About Travelers

Travelers is a business of The St. Paul Travelers Companies, Inc. , a leading property casualty insurer selling primarily through agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in both the personal and commercial settings, including automobile, homeowners, construction, small business, oil and gas, ocean marine, financial and professional services, global technology and public sector services. St. Paul Travelers is ranked 85 in the Fortune 500, with 2005 revenues of $24.4 billion and total assets of $113.2 billion. The company has approximately 32,000 employees.

Forward-Looking Statements

The Company may from time to time make written or oral "forward-looking statements," including statements contained in the Company's filings with the Securities and Exchange Commission, in its reports to stockholders and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, that are subject to significant risks and uncertainties and are subject to change based on various factors (some of which are beyond the Company's control). The words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. The following factors, among others, could cause the Company's financial performance "or other forward-looking statements" to differ materially from that expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies, including interest rate policies of the Board of Governors of the Federal Reserve System (the "FRB"); inflation; interest rates, market and monetary fluctuations; the timely development of competitive new products and services by the Company and the acceptance of such products and services by customers; the willingness of customers to substitute competitors' products and services for the Company's products and services and vice versa; the impact of changes in financial services' laws and regulations (including laws concerning taxes, banking, securities and insurance); technological changes; future acquisitions; the expense savings and revenue enhancements from acquisitions being less than expected; the growth and profitability of the Company's non-interest or fee income being less than expected; unanticipated regulatory or judicial proceedings "(including those regulatory and other approvals necessary to open new stores)" ; changes in consumer spending and saving habits; and the success of the Company at managing the risks involved in the foregoing.

The Company cautions that the foregoing list of important factors is not exclusive. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

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