This institution is no longer active

Operations ceased on November 15, 1991. CRA examination history below reflects the period it was active.

THE SUMMIT TRUST COMPANY

SUMMIT, NJ · Supervised by FDIC

Est. 1891FDIC #574RSSD: FDIC-574

Part ofSUMMIT BCORP THE→ View all charters

Satisfactory

Current rating · Exam: January 1992

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.75%

Institution Profile

FDIC BankFind

Address

367 Springfield Avenue, SUMMIT, NJ

County

Union County

Established

January 1, 1891

Total Assets

$1.6B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

January 21, 1992

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 34 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 1991Call Report / FDIC

Total Assets

$1.6B

Total Deposits

$1.4B

Net Loans

$1.0B

Net Income

$9M

ROA

0.75%

ROE

13.32%

Risk-Based Capital

10.03%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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