Commerce Bank & Trust Company is a financial institution based in

Worcester Worcester may refer to: Places United Kingdom * Worcester, England, a city and the county town of Worcestershire in England ** Worcester (UK Parliament constituency), an area represented by a Member of Parliament * Worcester Park, London, Englan ...

Massachusetts Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut assachusett writing systems, məhswatʃəwiːsət'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England ...

with 16 branches located throughout central and eastern Massachusetts. Commerce Bank & Trust was founded in 1955 and is now a full-service commercial

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

with branch offices in Worcester,

Holden Holden, formerly known as General Motors-Holden, was an Australian subsidiary company of General Motors. It was an Australian automobile manufacturer, importer, and exporter which sold cars under its own marque in Australia. In its last thre ...

Leominster Leominster ( ) is a market town in Herefordshire, England, at the confluence of the River Lugg and its tributary the River Kenwater. The town is north of Hereford and south of Ludlow in Shropshire. With a population of 11,700, Leominster is t ...

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Shrewsbury Shrewsbury ( , also ) is a market town, civil parish, and the county town of Shropshire, England, on the River Severn, north-west of London; at the 2021 census, it had a population of 76,782. The town's name can be pronounced as either 'Sh ...

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, West Boylston,

Westborough Westborough is a town in Worcester County, Massachusetts, United States. The population was 21,567 at the 2020 Census, in over 7,000 households. Incorporated in 1717, the town is governed under the New England open town meeting system, headed ...

, and, through its recent acquisition of Mercantile Bank & Trust Company, Boston. In August 2012, Commerce Bank & Trust Company completed its acquisition of Boston-based Mercantile Capital Corp. and its subsidiary, Mercantile Bank & Trust Co. The three Mercantile Bank & Trust offices, located in the Fenway, South End, and Brighton sections of Boston, are now operating as branches of Commerce Bank & Trust Company. The combined organization has assets of $1.93 billion and 16 retail banking offices servicing people and businesses across Central and Eastern Massachusetts.

Legal Dispute With TD Banknorth

In March 2008, Commerce Bank & Trust filed a lawsuit against Maine-based

TD Banknorth TD Banknorth, formerly Banknorth, was a wholly owned subsidiary of the Toronto-Dominion Bank which conducted banking and insurance activities, primarily serving the northeastern area of the United States, headquartered in Portland, Maine. The ban ...

and New Jersey-based Commerce Bank, to bar the merging banks from using the name TD Commerce Bank in Massachusetts. On May 2, 2008, federal Judge

F. Dennis Saylor Frank Dennis Saylor IV (born July 3, 1955) is the United States federal judge, Chief United States district judge of the United States District Court for the District of Massachusetts and was formerly a Judge on the United States Foreign Intellige ...

granted a preliminary injunction, prohibiting the use of the TD Commerce name in Massachusetts branches. In July 2008, TD Banknorth and New Jersey-based Commerce Bank announced they would abandon plans to rebrand their combined operations as "TD Commerce Bank". Instead, the latter two banks announced that they would be rebranding themselves as

TD Bank Toronto-Dominion Bank (french: links=no, Banque Toronto-Dominion), doing business as TD Bank Group (french: links=no, Groupe Banque TD), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. ...

Acquisition of Commerce Bank by Berkshire Hills Bancorp

In May 2017, Berkshire Hills Bancorp purchased Commerce Bancshares Corp., the parent company of Worcester-based Commerce Bank, in a stock deal valued at a reported $209 million. Following that, the entity once known as "Commerce Bank & Trust Company" became known as "Commerce Bank (a Division of Berkshire Bank)".

Notes

External links

Commerce Bank & Trust Company
website {{DEFAULTSORT:Commerce Bank and Trust Company Banks based in Massachusetts Companies based in Worcester, Massachusetts Banks established in 1955 1955 establishments in Massachusetts