Summit Bancorp
Encyclopedia
Summit Bancorp was a Princeton, New Jersey
based bank, but also had offices in Summit, 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, the Summit was bought out by Princeton-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.
Princeton, New Jersey
Princeton is a community located in Mercer County, New Jersey, United States. It is best known as the location of Princeton University, which has been sited in the community since 1756...
based bank, but also had offices in Summit, New Jersey
Summit, New Jersey
Summit is a city in Union County, New Jersey, United States. At the 2010 United States Census, the city's population was 21,457. Summit had the 16th-highest per capita income in the state as of the 2000 Census....
.
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 Princeton-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
Commerce Bancorp
TD Bank, N.A., is a national banking institution in the United States which offers banking, insurance, brokerage, and investment banking services in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina,...
, 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
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
, which bought Fleet in 2005.