Press Release

DBRS Releases Report on Commerce Bancorp Inc.

Banking Organizations
September 18, 2006

Dominion Bond Rating Service (DBRS) has released a report on Commerce Bancorp, Inc. (Commerce or the Company) that provides further detail on the recent new ratings of Issuer & Senior Debt at A (low) and Short-Term Instruments at R-1 (low) assigned to the Company. DBRS also assigned the following to Commerce’s bank subsidiaries – Deposits & Senior Debt ratings of “A” to Commerce Bank, N.A. and Commerce Bank/North and Short-Term Instruments ratings of R-1 (low) to Commerce Bank, N.A. and Commerce Bank/North. The trend for all ratings is Stable.

To obtain a copy of the full report or the September 7, 2006, press release, please click on the link below or contact us at info@dbrs.com.