Article: SUMMIT BANCORP REPORTS ANNUAL MEETING RESULTS

PRINCETON, N.J., May 20 /PRNewswire/ -- Summit Bancorp (NYSE: SUB) announced the reelection of ten directors today following the company's annual meeting.

In other action, shareholders approved amendments to the 1993 Incentive Stock and Option Plan and ratified the selection of KPMG Peat Marwick, LLP, independent certified public accountants, to audit the company's accounts for 1996.

"Summit Bancorp has gained the number one deposit market share position in New Jersey. We greatly appreciate the support of our shareholders and are enthusiastic about the future prospects of our organization. Serving the customers of our region is our number one priority," ...

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