First Commerce Bancorp, Inc. Announces Conclusion of Tender Offer for its Common Stock

Rhea-AI Summary

First Commerce Bancorp (OTCID: CMRB) concluded its tender offer to repurchase up to 3,000,000 common shares at $7.00 per share, with the offer closing on February 27, 2026 at 5:00 P.M. EST.

Based on a preliminary count, 2,974,738 shares were validly tendered (about 14.9% of outstanding shares). The company used Performance Trust Capital Partners as deal manager, Computershare as depositary, and Georgeson as information agent.

Positive

• Repurchase participation of 2,974,738 shares (~14.9% outstanding)
• Offer nearly fully subscribed to the 3,000,000-share limit
• Fixed purchase price of $7.00 per share provides certainty to sellers

Negative

• None.

LAKEWOOD, NJ / ACCESS Newswire / February 27, 2026 / First Commerce Bancorp, Inc., (OTCID:CMRB) (the "Company") today announced the conclusion of its previously initiated tender offer to repurchase up to 3,000,000 shares of the Company's common stock ("Shares") at a purchase price of $7.00 per Share (the "Tender Offer"). The conclusion of the Tender Offer has occurred with the close of business today, Friday, February 27, 2026, at 5:00 P.M. EST.

Performance Trust Capital Partners, LLC, served as Deal Manager for the Tender Offer. Computershare, Inc. served as the Depositary for the Tender Offer while Georgeson, LLC acted as the Company's Information Agent for the Tender Offer.

Based on a preliminary count by the Depository and Deal Manager for the Tender Offer, a total of 2,974,738 shares have been validly tendered and not properly withdrawn pursuant to the tender offer, representing approximately 14.9% of the outstanding Shares. All Shares validly tendered cannot be withdrawn and no additional tenders will be accepted.

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an acceptance of securities. No offer, solicitation, purchase, or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Tender Offer is being made solely pursuant to the terms and conditions set forth in the Offer to Purchase dated January 28, 2026 (the "Offer to Purchase"), and accompanying materials. Shareholders should read such Offer to Purchase and related materials carefully and in their entirety because they contain important information, including the various terms and conditions of the tender offer.

This press release contains "forward-looking statements". Forward-looking statements contain words such as "anticipate," "believe," "can," "would," "should," "could," "may," "predict," "seek," "potential," "will," "estimate," "target," "plan," "project," "continuing," "ongoing," "expect," "intend" or similar expressions that relate to the Company's strategy, plans or intentions. Forward-looking statements involve certain important risks, uncertainties and other factors, any of which could cause actual results to differ materially from those in such statements. Such factors include, without limitation, the "Risk Factors" referenced in the Offer to Purchase and the following additional factors: ability to execute our business strategy; business and economic conditions; economic, market, operational, liquidity, credit and interest rate risks associated with the Company's business; effects of any changes in trade, monetary and fiscal policies and laws; effects of inflation as well as interest rate, securities market and monetary supply fluctuations; changes in consumer spending, borrowings and savings habits; the Company's ability to achieve organic loan and deposit growth and the composition of such growth; changes in sources and uses of funds; increased competition in the financial services industry; the effect of changes in accounting policies and practices; the share price of the Company's stock; ability to maintain or increase market share and control expenses; costs and effects of changes in laws and regulations and of other legal and regulatory developments; technological changes; the timely development and acceptance of new products and services; ability to implement or improve operational management and other internal risk controls and processes and reporting system and procedures; changes in estimates of future loan reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; widespread natural and other disasters, dislocations, political instability, acts of war or terrorist activities, cyberattacks or international hostilities; impact of reputational risk; and success at managing the risks involved in the foregoing items. The Company can give no assurance that any goal or plan or expectation set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. The forward-looking statements are made as of the date of this press release, and the Company does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

Press Contact:

Donald Mindiak
First Commerce Bancorp, Inc.
Lakewood, NJ 08701
(732) 364-0032
dmindiak@firstcommercebk.com
http://firstcommercebk.com

SOURCE: First Commerce Bancorp, Inc.

View the original press release on ACCESS Newswire

FAQ

How many shares did First Commerce Bancorp (CMRB) repurchase in the tender offer that closed February 27, 2026?

First Commerce Bancorp accepted 2,974,738 validly tendered shares in the offer. According to First Commerce Bancorp, those shares represent approximately 14.9% of the company’s outstanding common stock and cannot be withdrawn following the close.

What price did First Commerce Bancorp (CMRB) pay per share in the February 27, 2026 tender offer?

The company paid a fixed $7.00 per share for repurchased stock under the tender offer. According to First Commerce Bancorp, that purchase price applied to all validly tendered shares accepted at the close on February 27, 2026.

Did First Commerce Bancorp (CMRB) reach the maximum size of its 2026 tender offer?

The tender offer nearly reached its maximum of 3,000,000 shares, with 2,974,738 shares validly tendered. According to First Commerce Bancorp, no additional tenders will be accepted and accepted shares cannot be withdrawn.

Who managed and administered First Commerce Bancorp's (CMRB) February 2026 tender offer?

Performance Trust Capital Partners acted as deal manager, Computershare served as depositary, and Georgeson was the information agent. According to First Commerce Bancorp, those firms supported the tender offer process that closed February 27, 2026.