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 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.
Famous quotes containing the word summit:
“The tops of mountains are among the unfinished parts of the globe, whither it is a slight insult to the gods to climb and pry into their secrets, and try their effect on our humanity. Only daring and insolent men, perchance, go there. Simple races, as savages, do not climb mountains,—their tops are sacred and mysterious tracts never visited by them. Pomola is always angry with those who climb the summit of Ktaadn.”
—Henry David Thoreau (1817–1862)