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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 3WG+fdIBKIyNCCqfHljqYA==

<SEC-DOCUMENT>0000950159-03-000841.txt : 20031021
<SEC-HEADER>0000950159-03-000841.hdr.sgml : 20031021
<ACCEPTANCE-DATETIME>20031021182335
ACCESSION NUMBER:		0000950159-03-000841
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031017
FILED AS OF DATE:		20031021

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PAULS DOUGLAS J
		CENTRAL INDEX KEY:			0001221213

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12069
		FILM NUMBER:		03950490

	MAIL ADDRESS:	
		STREET 1:		27TH 9TH AVE
		CITY:			HADDON HTS
		STATE:			NJ
		ZIP:			08035

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMERCE BANCORP INC /NJ/
		CENTRAL INDEX KEY:			0000715096
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				222433468
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		COMMERCE ATRIUM
		STREET 2:		1701 RTE 70 E
		CITY:			CHERRY HILL
		STATE:			NJ
		ZIP:			08034-5400
		BUSINESS PHONE:		8567519000

	MAIL ADDRESS:	
		STREET 1:		1701 ROUTE 70 EAST
		CITY:			CHERRY HILL
		STATE:			NJ
		ZIP:			08034-5400
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>pauls4_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-10-17</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000715096</issuerCik>
        <issuerName>COMMERCE BANCORP INC /NJ/</issuerName>
        <issuerTradingSymbol>CBH</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001221213</rptOwnerCik>
            <rptOwnerName>PAULS DOUGLAS J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>27TH 9TH AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HADDON HTS</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>08035</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Senior Vice President</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-17</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>10</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>48.59</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>527</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>By Wife</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <footnotes>
      <footnote id="F1"> Purchase under DRIP</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Douglas Pauls</signatureName>
      <signatureDate>2003-10-21</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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