CHATHAM, N.J. -- Summit Bancorp. said it has changed the name of its principal subsidiary, Summit Trust Co., to Summit Bank.
The change is in keeping with a decision to consolidate three banks by yearend, the $4 billion-asset holding company said.
Ocean National Bank is to merge into Summit Bank on June 11. Somerset Trust Co. will merge with Summit Bank by yearend and also operate under the Summit name, the holding company said.