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)                                                                                                           November 7, 2008 (November 7, 2008)
Pennsylvania Commerce Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania	000-50961	25-1834776
(State or other jurisdiction ofincorporation)	(Commission File Number)	(IRS Employer Identification No.)
3801 Paxton Street, Harrisburg, Pennsylvania		17111
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code                                                                                                                     800-653-6104
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 (see General Instruction A.2. below):

[ ] 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 8.01                      Other Events

On November 7, 2008, Pennsylvania Commerce Bancorp, Inc. issued a press release announcing that the Pennsylvania Department of Banking approved the application of Commerce Bank/Harrisburg, N.A., the bank subsidiary of the registrant, to convert from a national bank charter to a state bank charter.  A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01                      Financial Statements and Exhibits

(d)           The following exhibit is filed herewith.

99.1           Press release issued on November 7, 2008.

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.

Date:  November 7, 2008	PENNSYLVANIA COMMERCE BANCORP, INC. (Registrant)
	By: /s/ Mark A. Zody                                      Mark A. Zody, Chief Financial Officer

EXHIBIT INDEX

99.1           Press release issued on November 7, 2008.

EX-99.1

NEWS RELEASE

Contact:	Jason S. Kirsch, APR
	Pennsylvania Commerce Bancorp Inc.
	(717) 412-6200
	jason.kirsch@commercepc.com

FOR IMMEDIATE RELEASE

Pennsylvania Department of Banking Approves Application of Commerce Bank/Harrisburg, NA, to Convert to State-Chartered Bank

HARRISBURG, Pa. (Nov. 7, 2008) -- Pennsylvania Commerce Bancorp Inc., (NASDAQ:COBH) has announced that the Pennsylvania Department of Banking has approved the application of Commerce Bank/Harrisburg, NA, Pennsylvania Commerce’s bank subsidiary, to convert from a national bank charter to a state bank charter effective today. The formal agreement and consent order which Commerce Bank/Harrisburg entered into with the Office of the Comptroller of the Currency (OCC) in January 2007 and February 2008, respectively, will no longer be applicable.

As a result of the conversion to a state chartered bank, Commerce Bank/Harrisburg will now be supervised jointly by the Pennsylvania Department of Banking and the Federal Deposit Insurance Corporation. The parent company will continue to be supervised by the Federal Reserve Bank, which supervises all bank holding companies.

“We look forward to developing positive and constructive relationships with both the Department of Banking and the FDIC,” said Gary L. Nalbandian, chairman, president and CEO of Commerce Bank/Harrisburg and Pennsylvania Commerce Bancorp. “We believe this change will be conducive to the growth of our business and, at the same time, assure our customers that the bank is a well-managed and sound financial institution on which they can depend in these difficult economic times.”

Commerce Bank/Harrisburg is a financial services retailer with 33 stores in the counties of Berks, Cumberland, Dauphin, Lancaster, Lebanon and York, Pennsylvania.  Headquartered in Harrisburg, the bank has more than $2 billion in assets. Services include seven-day banking, free checking, free instant-issue Visa check cards, free interactive coin-counting machines, free online banking and 24/7 bank-by-phone. The bank also offers commercial banking services including term loans, commercial mortgages, lines of credit and cash management services. For more information, visit the bank’s web site at commercepc.com.

This news release contains forward-looking statements about Pennsylvania Commerce Bancorp.  There are several factors – many beyond Pennsylvania Commerce Bancorp’s control – that could cause actual results to differ significantly from expectations described in the forward-looking statements. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them to reflect changes that occur after that date.

For a discussion of factors that may cause actual results to differ from expectations, refer to Pennsylvania Commerce Bancorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, and its Annual Report on Form 10-K for the year ended December 31, 2007, including information incorporated into the company’s 10-K from its 2007 annual report, filed with the Securities and Exchange Commission and available on the SEC’s website at www.sec.gov.