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.
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. The branches now either operate as TD Bank or Bank of America, which bought Fleet in 2005.
References
External links
- Another Jersey Bank Agrees To Takeover; Third Deal in Week - United Jersey is the biggest thing left...', NYTimes, August 6, 1987
Interesting Informations
Looking products related to this topic, find out at Amazon.com
Source of the article : here
EmoticonEmoticon