Princeton, N.J.-based Summit Bancorp plans to set up a VIP desk to handle business for its private banking customers who want to do "self- directed" investing.

The desk, due to open this summer, will consist of two or three brokers reachable through a dedicated phone number available only to private banking clients, said James S. Little, executive vice president of the bank's investment services group.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.