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Commerce Bancorp, Inc. Acquisition History

Buyer: Commerce Bancorp, Inc., Cherry Hill, NJ
Seller: Joseph J. Reinhart & Associates, Cherry Hill, NJ

 
Transaction Summary
Commerce National Insurance, a wholly owned subsidiary of Commerce Bancorp Inc., has acquired Joseph J. Reinhart & Associates, of Cherry Hill, N.J. for approximately 223,000 shares of common stock. Joseph J. Reinhart & Associates provides loss control, risk management, safety engineering, training and loss investigation services to more than 300 clients in 16 states. Joseph J. Reinhart, founder of the acquired company, will head Commerce National's Loss Prevention/Control division.
 
Transaction Data
Announcement Date 01/05/98   Completion Date 01/05/98
Type of Asset Sold Other   Transaction Status Completed
Asset Desc. Loss Control, Risk Management, Safety Training   Transaction Revised? No
Accounting Type Pooling   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) N/A
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 National Insurance   Payment in: Other Consider ($000) 0
Earnout Consideration value ($000) N/A   Actual Seller of Assets Joseph J. Reinhart & Associates
 
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.