Commerce Bank & Trust Company
| Company type | Division of Berkshire Bank |
|---|---|
| Industry | Banking |
| Founded | 1955 |
| Headquarters | Worcester , United States |
Area served | Central and Eastern Massachusetts |
| Products | Commercial banking services |
| Parent | Berkshire Hills Bancorp |
Commerce Bank & Trust Company is a banking institution based in Worcester, Massachusetts, with a network of 16 branches serving central and eastern regions of the state. Established in 1955, it provides comprehensive commercial banking services at locations including Worcester, Holden, Leominster, Marlborough, Milford, Shrewsbury, Webster, West Boylston, Westborough, and, after acquiring Mercantile Bank & Trust Company, Boston.
In August 2012, Commerce Bank & Trust completed the acquisition of Mercantile Capital Corp., a Boston-based company, along with its subsidiary Mercantile Bank & Trust Co. The three Mercantile branches located in Boston's Fenway, South End, and Brighton neighborhoods were integrated into Commerce Bank & Trust’s operations. Together, the merged organization oversees $1.93 billion in assets and operates 16 retail banking offices dedicated to serving both individual customers and businesses throughout Central and Eastern Massachusetts.
Legal Dispute With TD Banknorth
In March 2008, Commerce Bank & Trust initiated legal action against Maine-based TD Banknorth and New Jersey-based Commerce Bank to block their use of the name TD Commerce Bank within Massachusetts.
On May 2, 2008, federal Judge F. Dennis Saylor issued a preliminary injunction preventing the use of the TD Commerce brand by branches located in Massachusetts.
By July 2008, TD Banknorth and Commerce Bank decided to discontinue plans to adopt the "TD Commerce Bank" name and instead chose to rebrand under the name TD Bank.
Acquisition of Commerce Bank by Berkshire Hills Bancorp
In May 2017, Berkshire Hills Bancorp acquired Commerce Bancshares Corp., the parent company of Worcester-based Commerce Bank, through a stock transaction valued near $209 million. Following this acquisition, "Commerce Bank & Trust Company" was renamed "Commerce Bank (a Division of Berkshire Bank)".