The insurance services unit at Commerce Bancorp Inc. has agreed to buy a large Greenwich, Conn., insurance broker.[@@]
Commerce, Cherry Hill, N.J., says it will acquire BK International Insurance Brokers Ltd. to support its expansion into Connecticut.
Commerce plans to move into the Nutmeg State by opening retail branches in Norwalk, Conn., and Fairfield, Conn., in late July, and it ultimately hopes to have 25 branches in Fairfield County, Conn.