SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): August 16, 2000
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Summit Bancorp.
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(Exact Name of Registrant as Specified in its Charter)
NEW JERSEY 1-6451 22-1903313
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(State or other juris- (Commission (I.R.S. Employer
diction of incorporation File No.) Identification No.)
or organization)
301 Carnegie Center, P. O. Box 2066
Princeton , New Jersey 08543-2066
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(Address of Principal Executive Offices)
(Zip Code)
(609) 987-3200
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(Registrant's Telephone Number, including Area Code)
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Item 5. Other Events.
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On August 16, 2000, Summit's Board of Directors authorized a new stock
repurchase program for the repurchase of up to 11 million shares of Summit
common stock, replacing Summit's 8.9 million share repurchase program adopted in
1998. Prior to its termination, approximately 8.3 million shares of Summit
common stock were repurchased under the 1998 repurchase program. Additional
shares have been repurchased under separate authorizations relating to
acquisitions.
Shares of Summit common stock will be purchased from time to time on the
open market or in private transactions, depending on market conditions. Summit
will hold the repurchased shares as treasury stock for reissuance for general
corporate purposes.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: August 17, 2000 SUMMIT BANCORP.
By: /s/ WILLIAM J. HEALY
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WILLIAM J. HEALY
Executive Vice President/Finance
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