CommerceBancorp: The Newport Beach parent company of...

CommerceBancorp: The Newport Beach parent company of CommerceBank posted net income of $3.6 million for 1990, up $59,000 from 1989. Fourth-quarter net income declined slightly to $931,000 from $942,000. Total assets stood at $290.9 million at the end of 1990, 14% higher than the $254.4 million recorded a year earlier.