Consent of Independent Auditors
We consent to the use of our report dated January 28, 2000, included in the
Annual Report on Form 10-K of Commerce Bancorp, Inc. and Subsidiaries for the
year ended December 31, 1999, with respect to the consolidated financial
statements, and to the use of our report dated June 19, 2000, with respect to
the financial statements and supplemental schedule of the Commerce Bancorp,
Inc. 401(k) Retirement Plan, included in this Form 10-K/A.
/s/ Ernst & Young LLP
Philadelphia, Pennsylvania
June 28, 2000
