The Summit company slowly began expanding in the 1990s, acquiring many regional banks in northern and central and New Jersey. Then, in 1996, the Summit was bought out by Hackensack-based rival United Jersey Bank, which assumed the Summit name. UJB's predecessors included Third National Bank in Central and South Jersey, and Valley Bank and Trevose Federal in Pennsylvania.
Summit ceased to exist in the early 2000s. Some of its branches were sold to Commerce Bank, while the company itself was bought by FleetBoston in 2000 and assumed the company's name after a transition period. The branches now either operate as TD Bank or Bank of America, which bought Fleet in 2005.
- 'Fleet Announces Additional New Jersey/Pennsylvania Senior Management Positions', Business Wire, April 9, 2001
- Another Jersey Bank Agrees To Takeover; Third Deal in Week - United Jersey is the biggest thing left...', NYTimes, August 6, 1987
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