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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 ...
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
Summit holds $7.7 billion in assets and has more than 265,860 members and 952 employees across 58 locations throughout Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union. Summit was named to Forbes list of America’s Best-In-State Credit Unions 2024.
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As of last June, Provident Bank had 89 branches statewide and $9.8 billion in deposits, making it the eighth-biggest bank in New Jersey when measured by deposits. Lakeland had 68 branches and $8.4 ...
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
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Overall turnout was down 3.51% in Summit County this year compared to 2020, which saw 74.67% of registered voters casting a ballot. On Tuesday, only 71.16% voted .