Commerce Bank Appoints Fischer Regional Vice President for West Shore Region in Harrisburg; Record Growth Prompts Addition to Leadership Team in Harrisburg Market

Commerce Bank Appoints Fischer Regional Vice President for West Shore Region in Harrisburg; Record Growth Prompts Addition to Leadership Team in Harrisburg Market

Business Editors

CAMP HILL, Pa.–(BUSINESS WIRE)–Sept. 2, 2003

Commerce Bank/Harrisburg, NA, today announced Frank J. Fischer as regional vice president for its West Shore Region in Harrisburg. He will oversee all deposit and lending operations for six Commerce branches in Cumberland County.

Fischer comes to Commerce Bank from Citizens Bank, where he was responsible for retail operations in Cumberland, Dauphin and York counties.

“Thanks to Commerce’s unique retail model and unmatched attention to service and convenience, the bank has achieved a level of growth that calls for this addition to our leadership team in the Harrisburg market,” said Commerce Bank Chairman, President and CEO Gary L. Nalbandian. “We’re thrilled to welcome Frank to the team. His devotion to the community, enthusiasm for customer service and financial services experience will lead Commerce’s West Shore Region to further success.”

Fischer said, “Commerce clearly has been able to create a banking experience unlike any other. The bank’s strategy — providing the utmost level of convenience by providing customers with banking services where, when and how they want them — is proven. I am energized by this chance to be part of the successful service culture that Commerce has created and contribute to its fantastic growth.”

Lisa S. Laudermilch, who served as regional vice president for the Commerce Bank’s West Shore and East Shore regions in Harrisburg, continues to serve in that capacity for the East Shore Region. She oversees retail operations for six stores in Dauphin and Lebanon counties.

Two new stores are currently under construction in the East Shore territory: the Progress Avenue store located at Progress Avenue and Kohn Road in Susquehanna Township, Dauphin County, and the Derry Street store located at Derry Street and East Park Drive in Swatara Township, Dauphin County. The two stores are scheduled to open in mid-November.

Under Laudermilch’s leadership, deposits in the Harrisburg market have jumped 23% to more than $561 million in the last year. Laudermilch also has been instrumental in the significant growth of Commerce’s total loan portfolio, which has jumped 13% to more than $406.7 million in the last year.

Fischer began his 33-year banking career at First National Bank of Stroudsburg. He later assumed a branch management position at Central Counties Bank. Mellon Bank acquired Central Counties Bank in 1983. Citizens Bank subsequently acquired Mellon Bank in 2001.

Fischer is a member of the board of directors of the Harrisburg Regional Chamber of Commerce, the Whitaker Center for Science and the Arts and United Way of the Capital Region. He is a graduate of the American Bankers Association Commercial Lending School at University of Oklahoma.

Commerce Bank, “America’s Most Convenient Bank,” offers seven-day branch banking, totally free checking, 24/7 Bank-by-Phone and America’s Best Online Banking. The bank has a network of 20 stores in Berks, Cumberland, Dauphin, Lebanon and York counties.

A subsidiary of Pennsylvania Commerce Bancorp, Inc. (NASDAQ:COBH), Commerce Bank/Harrisburg currently has assets exceeding $845 million and is working toward a total asset goal of $2 billion and a branch network of 40 offices by 2006. Pennsylvania Commerce Bancorp is affiliated with the Commerce Bancorp network of banks headquartered in Cherry Hill, NJ.

For more information about Commerce Bank, visit the bank’s interactive financial resource center at commercepc.com.

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