When did Commerce Bank go out of business?
The original Commerce Bank, a prominent regional institution heavily operating across New Jersey and the Mid-Atlantic region, did not fail or go out of business organically, but rather was acquired by TD Banknorth—a subsidiary of Canada's TD Bank Financial Group—in a multi-billion-dollar transaction finalized in 2008. Following the acquisition, all legacy Commerce Bank branches were completely rebranded under the TD Bank name.
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Commerce Bank operates as the principal banking subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a registered financial bank holding company headquartered in Kansas City, Missouri.
Commerce Bank, known historically for its strong retail presence in the mid-Atlantic region, was famously acquired by TD Bank, the United States subsidiary of Canada's Toronto-Dominion Bank.