FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Graziano Fred 2. Date of Event Requiring Statement (Month/Day/Year) 04/02/2007 3. Issuer Name and Ticker or Trading Symbol COMMERCE BANCORP INC /NJ/ [CBH] (Last) (First) (Middle) 1701 ROUTE 70 EAST 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) CHERRY HILL, NJ 08034 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 1,535 D   Common Stock 2,100 I Trust for Minor Children Common Stock 18,425 I 401k Allocation

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Right to Buy (2)	12/16/1998	12/16/2007	Common Stock	4	$ 8.05	D	Â
Right to Buy (1) (2)	01/31/2002	01/31/2011	Common Stock	60,000	$ 15.3	D	Â
Right to Buy (1) (2)	02/04/2003	02/04/2012	Common Stock	30,000	$ 20.06	D	Â
Right to Buy (1) (2)	02/18/2004	02/18/2013	Common Stock	40,000	$ 21.4	D	Â
Right to Buy (1) (2)	02/03/2005	02/03/2014	Common Stock	40,000	$ 29.45	D	Â
Right to Buy (1)	03/08/2006	03/08/2015	Common Stock	30,000	$ 31.38	D	Â
Right to Buy (1)	  (3)	03/14/2016	Common Stock	40,000	$ 36.37	D	Â
Right to Buy (1)	  (3)	03/20/2017	Common Stock	40,000	$ 33.12	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Graziano Fred 1701 ROUTE 70 EAST CHERRY HILL, NJ 08034	Â	Â	  President	Â

Signatures

Fred Graziano		04/06/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Granted under the Company's 1997 & 2004 Employee Stock Option Plans, which are 16b-3 plans.
(2)	Reflects the Company's two-for-one stock split, in the form of a 100% stock dividend, that was declared on February 15, 2005.
(3)	The stock options are exercisable in 25% increments on the 1st, 2nd, 3rd and 4th anniversaries of the grant date.

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