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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20540

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                                  SCHEDULE 13G

                                 CURRENT REPORT

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

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                       Pennsylvania Commerce Bancorp, Inc.
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                                (Name of Issuer)

                               Voting Common Stock
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                         (Title of Class of Securities)

                                   708677 109
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                                 (CUSIP Number)



CUSIP No. 708677 109

1.       Names of Reporting Persons.
         I.R.S. Identification Nos. of above persons (entities only).

                           Gary L. Nalbandian

2.       Check the appropriate box if a Member of a Group (See Instructions).

                           N/A

3.       SEC Use Only._____________________________________________

4.       Citizenship or place of organization

                           United States

Number of Shares           5.  Sole Voting Power         189,364 (1)
Beneficially Owned         6.  Shared Voting Power        19,523 (2)
By Each Reporting          7.  Sole Dispositive Power    189,364 (1)
Person With:               8.  Shared Dispositive Power   19,523 (2)

9.       Aggregate Amount Beneficially Owned by Each Reporting Person

                           208,887

10.      Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                           N/A

11.      Percent of Class Represented by Amount in Row (9) 11.1%

12.      Type of Reporting Person (See Instructions) IN

(1) Includes 97,412 shares which may be acquired upon the exercise of currently
exerciseable options. Also includes 44,980 shares held in profit sharing plans,
retirement account and street name.

(2) Includes 9,766 shares held as Co-Trustee of CIR Profit Sharing Trust, 8,938
shares held in trust by Mr. Nalbandian or Dorothy Nalbandian for the benefit of
Mr. Nalbandian's children and 819 shares beneficially owned by Jaimie
Nalbandian, Mr. Nalbandian's wife.



Item 1.
     (a) Name of Issuer - Pennsylvania Commerce Bancorp, Inc.
     (b) Address of Issuer's Principal Executive Offices - 100 Senate Avenue
                                                           Camp Hill, PA 17011

Item 2.
     (a) Name of Person Filing - Gary L. Nalbandian
     (b) Address of Principal Business Office -100 Senate Avenue
                                               Camp Hill, PA 17011
     (c) Citizenship - United States
     (d) Title of Class of Securities - Common Stock $1.00 par value
     (e) CUSIP Number - 708677 109

Item 3.  N/A

Item 4.  Ownership - See Numbers 5, 6. 7, 8 and 9 above

Item 5.  Ownership of Five Percent or Less of a Class -  N/A

Item 6.  Ownership of More than Five Percent on Behalf of Another Person - N/A

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security being Reported on By the Parent Holding Company - N/A

Item 8.  Identification and Classification of Members of the Group - N/A

Item 9.  Notice of Dissolution of Group - N/A

Item 10. Certification - N/A

(a) By signing below, I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                                     2/8/02
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                                                     Date


                                                     /s/ Gary L. Nalbandian
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                                                     Signature