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Commerce Bancorp, Inc. Acquisition History

Buyer: Commerce Bancorp, Inc., Cherry Hill, NJ
Seller: eMoney Advisor, Inc., Conshohocken, PA

 
Transaction Summary
Commerce Bancorp, Inc. has acquired eMoney Advisor, Inc for approximately $32 million in common stock. The terms of the deal were not disclosed. Based in Conshohocken, PA, eMoney is a web-based wealth management solution that offers an aggregated, comprehensive view of a client's financial portfolio. Commerce intends to develop eMoney's current system to meet the needs of their existing clients. The transaction completed on January 4, 2006.
 
Transaction Data
Announcement Date 01/04/06   Completion Date 01/04/06
Type of Asset Sold Invest Advisory/Mgmt Srvcs   Transaction Status Completed
Asset Desc. Online Wealth Management System   Transaction Revised? No
Accounting Type Purchase   Revision Date N/A
Total Purchase Price ($000) N/A   Assets Sold/Purchased ($000) N/A
Consideration Type Common Stock   Payment in: Cash ($000) 0
Goodwill ($000) N/A   Payment in: Common Stock ($000) 32,000
Premium or Discount Paid ($000) N/A   Payment in: Debt ($000) 0
Premium/Assets Sold (%) N/A   Payment in: Convertible Debt ($000) 0
Price/Assets Sold (%) N/A   Payment in: Pref Stock ($000) 0
Actual Buyer of Assets Commerce Bancorp, Inc.   Payment in: Other Consider ($000) 0
Earnout Consideration value ($000) N/A   Actual Seller of Assets eMoney Advisor, Inc.
 
Transaction Advisers
Financial Advisers: N/A N/A
Legal Advisers: N/A N/A
Financial Advisers: N/A N/A
Legal Advisers: N/A N/A
 
Data Provided by Highline Financial LLC.