FOR IMMEDIATE RELEASE


                      Commerce Bank Announces Plans for New
                  Headquarters, Operations and Training Center

EAST PENNSBORO TWP., PA (May 19, 2004) -- Commerce Bank/Harrisburg, NA,
Chairman, President and CEO Gary L. Nalbandian today announced the bank's plans
to construct a new headquarters, operations and training center at the TecPort
Business Center in Swatara Twp., Dauphin County. Commerce expects to create at
least 50 new jobs during the next few years in conjunction with the new
facility.

"Commerce Bank has grown to become `America's Most Convenient Bank' for every
personal, business, non-profit, real estate and government banking need,"
Nalbandian said. "Still, much more growth is yet to come. To accommodate our
exciting development, we soon will begin construction on a brand new
headquarters, operations and training center. The state-of-the-art facility will
be a mark of distinction among corporate structures in our region in terms of
both function and appearance."

Spanning 58,000 square feet, the two-story center will serve as the new
headquarters for Pennsylvania Commerce Bancorp Inc., holding company of Commerce
Bank/Harrisburg. The company is currently headquartered in East Pennsboro Twp.,
Cumberland County.

The facility also will house operations staff including branch administration, a
24/7 live customer service call center and the bank's electronic banking,
marketing, human resources and technology departments. Additionally, the
building will be home to Commerce University, the bank's training and education
program, which now offers more than 40 course selections and last year topped
2,500 enrollees.

Commerce expects to break ground for its new headquarters, operations and
training center in August. Employees will move in as early as spring 2005.

The TecPort Business Center is a 102-acre campus situated on the former
corporate headquarters site of AMP. TecPort is acclaimed for its central
location, convenient access to major highways, and amenities for businesses and
employees.

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PAGE 2 - Commerce Bank Announces Plans for New Headquarters


Commerce Bank/Harrisburg opened its first office in Camp Hill, PA, in June of
1985. In the 19 years since, the bank has cultivated a unique retail model that
has produced dynamic growth. The bank has doubled its number of branches in
Pennsylvania in recent years, growing a network of 23 stores in Berks,
Cumberland, Dauphin, Lebanon and York counties.

Commerce's hallmark products and services include seven-day branch banking,
totally free checking, no-fee instant-issue ATM/Visa check card, free
interactive Penny Arcade coin-counting machines, America's Best Online Banking
and 24/7 Bank-by-Phone.

A subsidiary of Pennsylvania Commerce Bancorp Inc. (NASDAQ: COBH), Commerce
Bank/Harrisburg currently has assets exceeding $1 billion and is working toward
an asset goal of $2 billion and a branch network of 36 offices by 2006.
Pennsylvania Commerce Bancorp shares the Commerce brand with the Commerce
Bancorp Inc. (NYSE: CBH) network of banks headquartered in Cherry Hill, NJ.

For more information about Commerce Bank/Harrisburg, visit the bank's web site
at commercepc.com.

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