CommerceBancorp: The Newport Beach parent company of...
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CommerceBancorp: The Newport Beach parent company of CommerceBank posted a third-quarter loss of $3.6 million, or $1.52 a share. That compared to a loss of $158,000, or 7 cents a share, for the same period in 1992. For the nine-month period, the company recorded a loss of $9.5 million, or $4.01 a share. That contrasted with a profit of $126,000, or 5 cents a share, for the comparable period in 1992. Assets as of Sept. 30 totaled $210.4 million, down 26% from the $284 million a year earlier.
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