Summit Bancorp

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Summit Bancorp was a Princeton, New Jersey based bank, which also had offices in Summit, New Jersey. The bank was established in 1899, as the Commercial Trust Company of New Jersey.[1]

The Summit company slowly began expanding in the 1990s, acquiring many regional banks in northern and central and New Jersey. Then, in 1996, Summit was bought out by its 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 Fleet's name after a transition period in 2001.[2] The branches now either operate as TD Bank or Bank of America, which bought Fleet in 2005.

References[edit]

  1. ^ "Summit Bank". Federal Deposit Insurance Corporation. Retrieved 30 June 2014. 
  2. ^ "Fleet Announces Additional New Jersey/Pennsylvania Senior Management Positions". The Free Library. 9 April 2001. Retrieved 30 June 2014. 

External links[edit]