Yes, Commerce Bancorp, the parent company of Commerce Bank, was bought out by TD Bank Group. The deal was valued at approximately $8.5 billion and was finalized in early 2008. At the time of the acquisition, Commerce Bank was highly regarded for its aggressive expansion and customer-focused retail model, which contrasted with the traditional banking environment of the era. The buyout led to the total integration of the Commerce Bank network into the TD Bank organization. This move solidified TD Bank’s presence in the Northeastern United States and marked the conclusion of Commerce Bank's history as an independent institution, as its branches adopted the TD branding and operational standards.