Summit Bancorp

Summit Bancorp

Summit Bancorp was a Princeton, New Jersey based bank, but also had offices in Summit, New Jersey.

The company slowly began expanding in the 1990s, acquiring many regional banks in central and southern New Jersey. Then, in 1996, the company was bought out by rival United Jersey Bank, which assumed the Summit name.

Summit ceased to exist in the early 2000s. Some of its branches were sold to Commerce Bank, while the company itself was bought by Fleet Bank and assumed the company's name after a transition period. The stores either operate as Commerce Bank (now TD Commerce Bank) or Bank of America, which bought Fleet in 2005.

External Links

* [http://findarticles.com/p/articles/mi_m0EIN/is_2001_April_9/ai_72962574, 'Fleet Announces Additional New Jersey/Pennsylvania Senior Management Positions', Business Wire, April 9, 2001]


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