CommerceBancorp: The Newport Beach parent company of...

CommerceBancorp: The Newport Beach parent company of CommerceBank reported that net income for the first quarter rose 2% to $830,487 from $811,193 for the corresponding quarter in 1989. Assets rose 44% to $321.6 million from $224 million. The acquisition of California City Bank and California City BanCorp, completed in February, added about $65 million in assets.