In an effort to offer consolidated investing, Princeton, N.J.-based Summit Bancorp announced this week that it plans to combine its discount and full-service brokerage units.

After the reorganization, which is to be completed in the third quarter, Summit Discount Brokerage and Summit Financial Services Group would combine under the Summit Financial Services Group Inc. name, said James S. Little, executive vice president of the 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.