Commerce Bank & Trust Company is a financial institution based in Worcester, Massachusetts, with 16 branches located throughout central and eastern Massachusetts. Commerce Bank & Trust was founded in 1955 and is now a full-service commercial bank with branch offices in Worcester, Holden, Leominster, Marlborough, Milford, Shrewsbury, Webster, West Boylston, Westborough, and, through its recent acquisition of Mercantile Bank & Trust Company, Boston.
In August 2012, Commerce Bank & Trust Company completed its acquisition of Boston-based Mercantile Capital Corp. and its subsidiary, Mercantile Bank & Trust Co. The three Mercantile Bank & Trust offices, located in the Fenway, South End, and Brighton sections of Boston, are now operating as branches of Commerce Bank & Trust Company. The combined organization has assets of $1.93[1] billion and 16 retail banking offices servicing people and businesses across Central and Eastern Massachusetts.[2]
Legal Dispute With TD Banknorth
In March 2008, Commerce Bank & Trust filed a lawsuit against Maine-based TD Banknorth and New Jersey–based Commerce Bank, to bar the merging banks from using the name TD Commerce Bank in Massachusetts.[3]
On May 2, 2008, federal Judge F. Dennis Saylor granted a preliminary injunction, prohibiting the use of the TD Commerce name in Massachusetts branches.[4]
In July 2008, TD Banknorth and New Jersey–based Commerce Bank announced they would abandon plans to rebrand their combined operations as "TD Commerce Bank". Instead, the latter two banks announced that they would be rebranding themselves as TD Bank.
Acquisition of Commerce Bank by Berkshire Hills Bancorp
In May 2017, Berkshire Hills Bancorp purchased Commerce Bancshares Corp., the parent company of Worcester-based Commerce Bank, in a stock deal valued at a reported $209 million.[5] Following that, the entity once known as "Commerce Bank & Trust Company" became known as "Commerce Bank (a Division of Berkshire Bank)".
Toronto-Dominion Bank, doing business as TD Bank Group, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. It is one of two Big Five banks of Canada founded in Toronto, the other being the Canadian Imperial Bank of Commerce.
Bank One Corporation was an American bank founded in 1968 and at its peak the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004, with its CEO Jamie Dimon taking the lead at the combined company. The company had its headquarters in the Bank One Plaza in the Chicago Loop in Chicago, Illinois, now the headquarters of Chase's retail banking division.
TD Garden is a multi-purpose arena in Boston, Massachusetts, United States. It opened in 1995 as a replacement for the original Boston Garden and has been known as FleetCenter, and TD Banknorth Garden. The arena is located directly above the MBTA's North Station. It is the most visited sports and entertainment arena in New England, as nearly 3.5 million people visit the arena each year.
FleetBoston Financial was a Boston, Massachusetts–based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America.
TD Bank, N.A. is an American national bank and the United States subsidiary of the multinational TD Bank Group. It operates primarily across the East Coast, in 15 U.S. states and Washington, D.C. TD Bank is the seventh-largest U.S. bank by deposits and the 10th largest bank in the United States by total assets, resulting from a series of several mergers and acquisitions. TD Bank, N.A. is headquartered in Cherry Hill, New Jersey, an inner suburb eight miles outside Philadelphia. TD Bank is a federally chartered bank, thus its trading name bears "N.A." letters.
Commerce Bank may refer to:
TD Banknorth, formerly Banknorth, was a wholly owned subsidiary of the Toronto-Dominion Bank which conducted banking and insurance activities, primarily serving the northeastern area of the United States, headquartered in Portland, Maine. The bank became TD Bank, N.A. on May 31, 2008.
The National Bank of Detroit (NBD), later renamed NBD Bank, was a bank that operated mostly in the Midwestern United States. Following its merger with First National Bank of Chicago, the bank was ultimately acquired and merged into Bank One, at which point the NBD name was discontinued. Today, what was once NBD is owned by JPMorgan Chase & Co.
The Telegram & Gazette is the only daily newspaper of Worcester, Massachusetts. The paper, headquartered at 100 Front Street and known locally as the Telegram or the T & G, offers coverage of all of Worcester County, as well as surrounding areas of the western suburbs of Boston, Western Massachusetts, and several towns in Windham County in northeastern Connecticut.
Beacon Communications Corp. was a newspaper publisher in Acton, Massachusetts, United States, operating a dozen weekly newspapers as well as daily newspapers in Hudson and Marlborough, Massachusetts. It was bought by Fidelity Investments in 1993 and incorporated into Community Newspaper Company, Massachusetts' largest weekly newspaper publisher, now owned by GateHouse Media.
Mercantile Bancorporation was the largest bank holding company in Missouri when it was acquired by Firstar Corporation in 1999.
The South Financial Group, originally known as Carolina First Corporation, was a bank holding company headquartered in Greenville, South Carolina. The South Financial Group was the parent company of Carolina First, with branch locations in North and South Carolina and Mercantile Bank, with branch locations in Florida.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce with TD Banknorth to form TD Bank, N.A.; all of its banks and branches were given the TD Bank logo.
Rockland Trust is a commercial bank based in Rockland, Massachusetts that serves Southeastern Massachusetts, Coastal Massachusetts, Cape Cod, and Boston's MetroWest. Established in 1907 as Rockland Trust Company. A wholly owned subsidiary of Independent Bank Corp., by October 2016, Rockland Trust had $7.5 billion in assets and employed around 1,000 people. By April 2022, Rockland Trust had $20 billion in assets and employed around 1,100 people.
The Worcester Center Galleria, located in Downtown Worcester, Massachusetts, was a two level shopping mall which originally opened on July 29, 1971, as a part of the Worcester Center urban renewal project. The mall, which connected the 100 Front Street and 120 Front Street office towers, was successful for 20 years until it closed following a series of store vacancies. The mall re-opened in 1994 as a short-lived outlet center called Worcester Common Fashion Outlets, finally closing in 2006. The mall was demolished and redeveloped into a project called CitySquare.
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, and then moved to Lynn, Massachusetts. The company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Boston's Financial District. In 2020, Eastern Bank announced plans to de-mutualize and become a publicly traded corporation.
Arthur E. Chase was an American businessman and politician who represented the Worcester District in the Massachusetts Senate from 1991 to 1995. He co-founded the Central Massachusetts Legislative Caucus. In 1991 he designed the Massachusetts Academy of Math and Science at WPI and in 1992 sponsored legislation to create it. He was the Republican nominee for Secretary of the Commonwealth of Massachusetts in 1994, but lost in the general election to William F. Galvin.
Berkshire Bank is an American bank headquartered in Boston, Massachusetts. It is a subsidiary of Berkshire Hills Bancorp, a bank holding company. The bank operates 130 branches in New England, New York and the Mid-Atlantic, and is the third largest regional bank headquartered in Massachusetts.
Kevin O'Sullivan is an American non-profit executive and politician who served as president and CEO of Massachusetts Biomedical Initiatives from 2003 to 2018 and represented the 13th Worcester District in the Massachusetts House of Representatives from 1987 to 1995.
Berkshire Grey, Inc. is an American technology company based in Bedford Massachusetts that develops integrated artificial intelligence (“AI") and robotic solutions for e-commerce, retail replenishment, and logistics. The company's systems automate pick, pack and sort operations.
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