Jersey? Sure!
Wall Street Journal (10/02/00) Vol. 3, No. 5 p.1; Farzad, Roben

Continuing the wave of bank consolidation in the wake of Chase's recent acquisition announcement regarding J.P. Morgan, FleetBoston Financial has purchased New Jersey's Summit Bancorp for $7 billion in a bid to bolster its market share in the state. Analysts are predicting a slew of mergers between major national banks and lesser-known regional institutions as banks attempt to gain ever-increasing market share by offering one-stop shopping in their branches.


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