[GRAPHIC OMITTED]

                                                        PENNSYLVANIA COMMERCE
                                                        BANCORP


                                    CONTACTS

Gary L. Nalbandian                                      Mark A. Zody
Chairman/President                                      Chief Financial Officer
                                 (717) 975-5630


      Pennsylvania Commerce Bancorp, Inc. Declares Two-for-One Stock Split

     January 31, 2005 - Camp Hill,  PA -  Pennsylvania  Commerce  Bancorp,  Inc.
(NASDAQ  National  Market:  COBH) has declared a two-for-one  stock split on the
Company's  common  stock  outstanding,   it  was  announced  today  by  Gary  L.
Nalbandian,  Chairman  of  the  bank  holding  company.  Said  Nalbandian,  "Our
financial  performance this past year has been marked by record earnings and, as
a result,  we would like to reward our  shareholders  with this  dividend."  The
2-for-1 stock split, to be paid in the form of a 100% stock dividend, is payable
February 25, 2005 to shareholders of record February 10, 2005.

The stock market  continues to reward  Commerce  shareholders  for the company's
continuing  success as evidenced by a 30% average annual return on the Company's
common stock over the past 5 years versus a 5-year average return of -2% for the
S & P 500 Index.

Pennsylvania  Commerce  Bancorp,  Inc. is a $1.3 billion  bank  holding  company
headquartered  in Camp  Hill,  Pennsylvania  with  24  banking  offices  serving
Cumberland,  Dauphin,  Lebanon, York and Berks counties.  The Company opened its
24th office during the fourth quarter of 2004 and has announced  plans to open 4
new stores in 2005.