NEW YORK -- Summit Bancorp., a $4.3 billion-asset bankholding company headquartered in Chatham, N.J., expects to more than double its asset size in the next three to five years, chairman and chief executive Robert Cox told analysts Tuesday.

In a presentation before the New York Society of Security Analysts, Mr. Cox said the company wants to dramatically broaden its commercial banking subsidiary's market share and significantly increase the value of its franchise during the same period.

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