CommerceBancorp: The Newport Beach parent company of...

CommerceBancorp: The Newport Beach parent company of CommerceBank reported a loss of $5 million, or $2.09 a share, for the second quarter. That compared to a profit of $53,000, or 2 cents a share, for the same period last year. For the first half, the company posted a loss of $5.9 million, or $2.48 a share, compared to a profit of $285,000, or 12 cents a share, a year earlier. The company attributed the losses to the continuing recession and an increase in money set aside to cover potential loan losses. Assets as of June 30 were $225 million.