Summit Bancorp, Princeton, N.J., promoted Walter Horsting to senior vice president in the commercial banking division.

Mr. Horsting remains chief administrative officer for commercial banking, a post he has held since 1992. In his new job, he will take on financing responsibilities for Summit's aircraft lending group.

Before Mr. Horsting joined Summit in 1984 as a credit analyst, he was a business analyst in the New York office of Dun & Bradstreet Corp.

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