Summit Bancorp of Princeton, N.J., designated executives from two Connecticut banks it is buying to run its planned subsidiary in the state.
Frederick R. Afragola, now president and chief executive officer of New Canaan Bank and Trust, would become chairman and CEO of the new subsidiary. Charles F. Howell, executive vice president and chief operating officer of NSS Bancorp, would become president and chief operating officer.
Summit expects to buy Norwalk-based NSS Bancorp this month and New Canaan Bank and Trust Co. early next year. They would be combined in April.
Robert T. Judson, president and CEO of NSS Bancorp, would retire when the banks were merged.