Somerset Trust Company

Status:Inactive as of 10/29/1993
 Merger - Without Assistance
Successor Bank:Summit Bank
Headquarters:Somerset Trust Company
Somerset Shopping Center
Somerville, NJ 08876
Established:01/01/1864
FDIC Insurance:01/01/1934
FDIC Cert:#9404
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$664,514,000
Total Deposits:$587,940,000

History

1864-01-01Institution established: Original name:Somerset Trust Company
1975-11-17Moved bank headquarters from BRIDGEWATER TOWNSHIP, NJ to SOMERVILLE, NJ
1977-05-31Acquired State Bank of Manville (21092) in MANVILLE, NJ
1990-05-11Acquired The Town & Country Bank (21253) in FLEMINGTON, NJ
1992-09-25Acquired Hometown Bank (27416) in EDISON, NJ
1992-09-25Acquired Highlands Community Bank, National Association (26844) in CLINTON, NJ
1993-10-29Merged into and subsequently operated as part of Summit Bank (8610) in SUMMIT, NJ
1994-09-13Acquired Crestmont Federal Savings and Loan Association (28358) in EDISON, NJ
1996-01-16Acquired Garden State Bank (21405) in JACKSON, NJ
1996-07-13Merged into and subsequently operated as part of Summit Bank (550) in HACKENSACK, NJ
1996-07-13Changed name to Summit Bank (550)
1997-02-08Acquired Central Jersey Savings Bank, SLA (28442) in EAST BRUNSWICK, NJ
1997-06-07Acquired The Bank of Mid-Jersey (8607) in BORDENTOWN, NJ
1998-03-14Acquired Collective Bank (28429) in EGG HARBOR, NJ
2001-03-01Acquired Summit Bank (7406) in BETHLEHEM, PA
2001-03-01Merged into and subsequently operated as part of Fleet National Bank (2558) in PROVIDENCE, RI
2001-03-01Acquired Summit Bank (17944) in NORWALK, CT
2004-02-01Acquired Progress Bank (30529) in BLUE BELL, PA
2005-03-18Acquired Fleet Maine, National Association (33987) in SOUTH PORTLAND, ME
2005-06-13Merged into and subsequently operated as part of Bank of America, National Association (3510) in CHARLOTTE, NC
2006-09-22Acquired MBNA America Delaware, National Association (34680) in WILMINGTON, DE
2008-02-22Acquired United States Trust Company , National Association (34061) in NEW YORK, NY
2008-06-30Acquired Bank of America Georgia, National Association (57117) in ATLANTA, GA
2008-10-17Acquired LaSalle Bank Midwest National Association (22488) in TROY, MI
2008-10-17Acquired LaSalle Bank National Association (15407) in CHICAGO, IL
2009-01-16Maintained operations with government open bank assistance.
2009-04-27Acquired Countrywide Bank, FSB (33143) in CENTENNIAL, CO
2009-07-01Acquired Merrill Lynch Bank USA (27374) in SALT LAKE CITY, UT
2009-11-02Acquired Merrill Lynch Bank & Trust Co., FSB (34571) in NEW YORK, NY
2013-04-01Acquired Bank of America Oregon, National Association (35453) in PORTLAND, OR
2013-04-01Acquired Bank of America, Rhode Island, National Association (58032) in PROVIDENCE, RI
2014-10-01Acquired FIA Card Services, National Association (33318) in WILMINGTON, DE
2020-03-31Acquired Recontrust Company, National Association (58026) in SIMI VALLEY, CA

Financial Information (1992-12-31 and Older)