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Summit Bank Q3 2007 Earnings Release

October 15, 2007

Assets and earnings continue their strong growth at Summit Bank based on financial performance for the quarter ended September 30, 2007.

Summit completed the quarter with total assets of $83 million, an increase of 20 percent from $69 million at September 30, 2006. Total deposits grew by $12.4 million or 22 percent and new loan generation was also very strong, as Summit increased its loan portfolio by $14.1 million or 27 percent over the same period.

Earnings continued their upward momentum at Summit. The Bank produced net income before tax of $248,000 during the quarter, which boosted year to date pre-tax net income to $542,000, an increase of more than 80 percent over the first three quarters in 2006.

Summit Bank launched a state-of-the-art processing and brokerage system for residential mortgage loans during the quarter. “To help our clients fulfill their residential mortgage needs, we now have the ability to provide these long-term, competitively priced loans. Our customers are already responding well to this new service,” said Ann Marie Mehlum, Summit’s chief executive officer. Summit Bank does not have sub-prime lending exposure through direct lending or investment activity.

Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. The bank received its charter and began operations in February 2004 as Eugene/Springfield’s first new bank in more than 25 years. The bank’s headquarters in downtown Eugene is at 96 E. Broadway. It specializes in serving small to medium sized businesses and professional entities with personalized service and sophisticated banking products and loans.