SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20540


                                  SCHEDULE 13G

                                 CURRENT REPORT

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934



                       Pennsylvania Commerce Bancorp, Inc.
                       -----------------------------------
                                (Name of Issuer)

                               Voting Common Stock
                               -------------------
                         (Title of Class of Securities)

                                   708677 109
                                   ----------
                                 (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          172,243   (1)
                                                         --------------
Beneficially Owned         6.  Shared Voting Power         16,568   (2)
                                                         --------------
By Each Reporting          7.  Sole Dispositive Power     172,243   (1)
                                                         --------------
Person With:               8.  Shared Dispositive Power    16,568   (2)
                                                         --------------

9.       Aggregate Amount Beneficially Owned by Each Reporting Person

                                     188,811
      ---------------------------------------------------------------------

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

                                       N/A

         11. Percent of Class Represented by Amount in Row (9)       10.8%
                                                               ---------------

         12. Type of Reporting Person (See Instructions)      IN
                                                                -------

(1) Includes  82,778 shares which may be acquired upon the exercise of currently
exerciseable  options. Also includes 39,872 shares held in profit sharing plans,
retirement account and street name.

(2) Includes 8,859 shares held as Co-Trustees of CIR Profit Sharing Trust, 7,355
shares held in trust by Mr. Nalbandian or Dorothy  Nalbandian for the benefit of
Mr.   Nalbandian's   children  and  354  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.

                                                      2/2/01
                                                      ------
                                                      Date


                                                     /s/ Gary L. Nalbandian
                                                     Signature