8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 17, 2007 (January 12, 2007)

Pennsylvania Commerce Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Pennsylvania	000-50961	25-1834776
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

3801 Paxton Street, Harrisburg, PA	17111
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (717) 303 - 3000

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 12, 2007, Pennsylvania Commerce Bancorp, Inc. issued a press release announcing changes to the bank’s senior executive management team. Dave Skerpon, Executive Vice President and Chief Retail Officer tendered his resignation.

On January 12, 2007, Victoria Chieppa was promoted to Senior Vice President of Bank Operations and appointed as a member of the bank’s senior executive management team. Mrs. Chieppa, age 57, began her work with Commerce Bank/Harrisburg, NA as Vice President Operations in which she was responsible for deposit services, electronic banking, transportation and the call center. In October 2005, store operations were added to the existing departments and her title changed to Vice President Store/Deposit Operations and in July 2006, cash management and loan servicing were brought under her management oversight as well. Prior to her employment with Commerce Bank/Harrisburg, NA in February 2003 she held a position with PNC Bank, Pittsburgh, PA as Vice President Financial Processing for PNC Advisors.

A copy of the press release is attached as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits

Exhibit No.

99.1Press Release, dated January 12, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Pennsylvania Commerce Bancorp, Inc.
	(Registrant)
Date: January 17, 2007
	/s/ Mark A. Zody
	Mark A. Zody,
	Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	DESCRIPTION
99.1	Press Release of Pennsylvania Commerce Bancorp, Inc. dated January 12, 2007

EX-99.1

 

Contact:	Jason S. Kirsch, APR
	Director of Public Relations
	(717) 412-6200
	jason.kirsch@commercepc.com

FOR IMMEDIATE RELEASE

Pennsylvania Commerce Bancorp Announces

Resignation and Senior Management Appointment

HARRISBURG, PA (Jan. 12, 2007) — Pennsylvania Commerce Bancorp, Inc. (NASDAQ Global Select Market: COBH), parent company of Commerce Bank/Harrisburg, NA, today announced changes to the bank’s senior executive management team.

David B. Skerpon, executive vice president and chief retail officer, has tendered his resignation to become senior vice president and chief community banking officer of First Reliance Bank in South Carolina. Upon submitting his resignation, Skerpon stated that the basis of his decision was primarily family related and independent of his association with Commerce.

“Dave has been a great asset to Commerce Bank,” said Chairman, President and CEO Gary L. Nalbandian. “In addition to his contributions to Commerce’s rapid growth and success, he is well known for his involvement and leadership in the community. All of us at Commerce wish Dave a fond farewell and the very best in his future endeavors.”

Skerpon joined Commerce Bank as chief retail officer in 2002. Prior to his tenure at Commerce, he served as president of the Commonwealth Region of Mellon Bank (now Citizens Bank).

Among his community leadership roles, Skerpon is board chair of United Way of the Capital Region and past board chair of the Allied Arts Fund, the area’s united fund for local arts and culture. He also is a graduate of Leadership Harrisburg Area, an organization dedicated to developing leaders to strengthen communities and the organizations they serve.

Victoria G. Chieppa has been promoted to senior vice president of operations and appointed as a member of the bank’s senior executive management team. Chieppa leads all bank operation departments including store operations, deposit services, loan servicing, cash management operations, electronic banking and security.

Chieppa joins the following Commerce Bank senior executives: Gary L. Nalbandian, founder, chairman, president and CEO; Mark A. Zody, chief financial officer; Rory G. Ritrievi, chief lending officer; and D. Scott Huggins, chief risk officer.

“Vicki’s appointment promises to lift Commerce to an even higher level of service, growth and success,” Nalbandian said. “She has an outstanding record of successfully guiding major initiatives at Commerce, enhancing our products, service and fraud prevention. We look forward to her leadership in the critical role of head of all bank operations and as a member of our senior executive management team.”

Chieppa, a resident of Mechanicsburg, Cumberland County, previously was vice president of deposit and store operations. She joined Commerce in 2003 and has more than 26 years of financial services experience. Chieppa is a graduate of Robert Morris College in Pittsburgh. She is a volunteer with United Way, the American Heart Association and Big Brothers Big Sisters.

Commerce Bank/Harrisburg, “America’s Most Convenient Bank,” 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 (NASDAQ: COBH) has doubled its number of stores in recent years, growing a network of 30 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 ATM/Visa check card, free interactive Penny Arcade 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.

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