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In 1995, the company was acquired by UJB Financial Corporation, who had been doing business as United Jersey Bank. The combined bank continued to do business as Summit Bank after the merger. [3] In 1996, the company acquired B.M.J. Financial Corporation for $164.5 million in stock. [4] In 1997, the company acquired Collective Bancorp. [5] In ...
Direct successor of the Bank of North America, the first bank in the United States CoreStates Financial Corp. Wells Fargo: 1990 First Union Corporation: Florida National Bank First Union Corporation: Wells Fargo: 1990 Citizens & Southern National Bank: Sovran Financial Corp. C&S/Sovran Corp. Bank of America: 1991 Fleet/Norstar Financial Group, Inc.
Bank of America's logo from 1969 to 1998 Bank of America Tower, headquarters for Bank of America's investment banking operations, seen from Bryant Park in Midtown Manhattan, in 2015 Following passage of the Bank Holding Company Act of 1956 by the U.S. Congress , [ 24 ] BankAmerica Corporation was established for the purpose of owning and ...
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Summit is the northernmost city of Union County, in the U.S. state of New Jersey, located within the New York metropolitan area.Situated on a ridge in northern–central New Jersey, the city is located within the Raritan Valley and Rahway Valley regions, and also borders both Essex and Morris counties in the Passaic Valley region.
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The bank's founders were largely made up of merchants who wanted to use a U.S., rather than British bank to send money abroad. It was first headquartered at the old Manufactory House, near Boston Common. [2] The bank was the only bank in the city of Boston until the Union Bank (later the Bank of New England) was founded in 1792.