COBH Pennsylvania Commerce Bancorp (MM)

Pennsylvania Commerce Bancorp Inc. (NASDAQ:COBH), the $2 billion-asset parent company of Commerce Bank/Harrisburg, NA, today announced that Russell Investments, upon reconstituting its family of U.S. equity indexes, has added the bank holding company to the Russell 3000 Index. Russell�s index reconstitution process is followed closely by investors because the Russell indexes currently have $4.4 trillion in assets benchmarked to them and account for an industry-leading 54 percent of all institutional investment products that use a benchmark. �Inclusion in the Russell 3000 is a reflection of our organization�s performance,� said Commerce Bank Chairman, President and CEO Gary L. Nalbandian. �As a member of this broadly tracked index, we benefit from an elevated profile for our stock among investors and fund managers.� The Russell indexes are value-weighted and include only common stocks belonging to corporations incorporated in the United States and its territories. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98 percent of the investable U.S. equity market. Commerce Bank/Harrisburg is a financial services retailer that has produced continuous strong growth since its first office opened in 1985. Headquartered in Harrisburg, Pa., the sole subsidiary of Pennsylvania Commerce Bancorp has a growing network of 33 convenient locations in Berks, Cumberland, Dauphin, Lancaster, Lebanon and York counties. Commerce�s hallmark products and services include seven-day banking, free personal checking, free instant-issue Visa check card, free interactive coin-counting machines, free online banking and 24/7 bank-by-phone. In addition to retail banking, Commerce offers a diverse portfolio of commercial banking services including term loans, commercial mortgages, commercial leasing and lines of credit, and cash management services. For more information about Commerce, visit the bank�s web site at commercepc.com. This press release contains forward-looking statements concerning future events. Actual results could differ materially due to the following risks and uncertainties -- deteriorating economic conditions; increased competition; interest rate movements; market volatility in the securities markets; legislative or regulatory developments; merger-related synergies, savings and integration issues; technological changes; and other risks and uncertainties discussed in the company's reports filed from time to time with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on these statements. The Company undertakes no obligation to publicly release or update any of these statements.