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Commerce Bancorp, Inc. Acquisition History

Buyer: Commerce Bancorp, Inc., Cherry Hill, NJ
Seller: Handlan Associates, LLC, Moorestown, NJ

 
Transaction Summary
Commerce Bancorp, Inc. has acquired Handlan Associates for approximately $300,000. Handlan Associates is a small insurance firm located in Moorestown, NJ. The transaction was completed on December 1, 1999.
 
Transaction Data
Announcement Date 12/01/99   Completion Date 12/01/99
Type of Asset Sold Insurance   Transaction Status Completed
Asset Desc. Insurance Agency   Transaction Revised? No
Accounting Type Unknown   Revision Date N/A
Total Purchase Price ($000) 300   Assets Sold/Purchased ($000) N/A
Consideration Type N/A   Payment in: Cash ($000) 0
Goodwill ($000) N/A   Payment in: Common Stock ($000) 0
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 Handlan Associates, LLC
 
Transaction Advisers
Financial Advisers: N/A N/A
Legal Advisers: Blank Rome Comisky & McCauley yes
Financial Advisers: N/A N/A
Legal Advisers: N/A N/A
 
Data Provided by Highline Financial LLC.