March 6, 2017, Eugene, OR – Summit Bank, headquartered in Eugene with an office in Central Oregon, announced today that it was recognized for the first time by Oregon Business magazine as one of the 100 Best Companies to Work For in Oregon. Summit ranked 19 in the medium-size company category, and is one of 21 new firms on the list.
“It is an honor to be recognized by our colleagues and Oregon Business Magazine as one of the 100 Best Companies to work for in Oregon,” said Craig Wanichek, Summit Bank’s President & Chief Executive Officer. “This recognition helps validate the emphasis we put on a strong internal culture together with making it a great place to work. Employee comments underscored our collaborative team environment dedicated to serve our clients and the community. From employee recognition days, open communication, quarterly socials and breakfasts, and game day BBQ’s this designation emphasizes that Summit Bank is a great place to work.”
The 100 Best list recognizes large, medium and small companies for excellence in work environment, management and communications, decision-making and trust, career development and learning and benefits and compensation. The winners are published in the March 2017 issue of Oregon Business and online at OregonBusiness.com.
With offices in Eugene and Bend, Summit Bank is a business bank that specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. Summit is the number one community bank lender in Oregon for SBA Financing.
Eugene, OR, November 30, 2016 — Summit Bank (OTCBB:SBKO) announced that its previously approved 3-for-2 stock split of the company’s shares of common stock payable in the form of a stock dividend is complete. The ex-dividend date was November 21, with shareholders of record as of November 28 receiving one additional share for every two they own.
“Given Summit’s strong financial results in the third quarter of 2016 and the increase in our stock price since the last stock split, the Board reviewed a number of options to thank our shareholders for their support over the years,“ said Craig Wanichek, president and chief executive officer. “We believe the time is right for a one-time split to increase the stock’s marketability and liquidity by making it attractive to a larger number of potential investors.”
Summit Bank reported net income for the third quarter ending September 30, 2016 of $840,000 or 35 cents per fully diluted share, making the bank’s third quarter earnings the highest the Bank has achieved in its history. Year-to-date earnings were $2.1 million or 88 cents per fully diluted share.
With offices in Eugene and Bend, Summit Bank specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO.
Summit Bank has your solution for banking-on-the-go for your business. Business Mobile Banking allows finances to be managed faster than ever with the convergence of online and mobile channels.
Protection Against Fraud and Account Takeovers: Business Mobile Banking helps guard your business against costly hazards such as fraud, account takeovers and identity theft because it protects decision-making. Its transaction-approval features mean important decisions don’t get made without the approval of the owner or authorized managers.
Security: We require multiple layers or authentication and restrict who is authorized to use it. Your business can be assured that your important information is secure.
24/7 Access: Using Business Mobile Banking on a smartphone is a snap for Business Online Banking customers. It’s as simple as downloading our Summit branded app from the Apple App Store or Google Play and signing on. Authorized users on the go can make decisions – day or night – when it accounts.
For more information or to get started, call Summit Bank at 541-684-7500 in Eugene and 541-317-8000 in Central Oregon.
October 24, 2016, Eugene, OR – Paul Weinhold, Board Chair of Summit Bank (Nasdaq: SBKO), today announced that Patricia O. (Patty) Buehler, M.D., and Dan Hobin will join the board of directors of Summit Bank.
“Patty and Dan bring outstanding leadership and financial acumen to our board of directors,” said Weinhold. “Their proven organizational stewardship and deep market knowledge of the Central Oregon business community will further strengthen our outstanding board.”
Dr. Buehler is a surgeon and small business owner in Central Oregon. She earned her undergraduate degree from the University of Chicago in 1986. She earned her MD from Johns Hopkins University School of Medicine, and a Master’s degree in Preventive Ophthalmology from the John Hopkins School of Public Health. She is a managing partner at InFocus Eyecare, a leading specialty vision correction facility. She is also the owner and founder of the Bend Surgery Center. At St. Charles hospital, she is the Chairman of the Department of Ophthalmology, Vice-Chair of the Surgical Services Committee and is on the physicians committee. She sits on the board of directors of the Bend Surgery Center, the Bend Surgery Center foundation and Lines for Life. “Over the past year, I’ve gotten to know the team at Summit Bank and I’m excited to contribute to their ongoing success,” says Buehler.
Mr. Hobin is the Co-Founder and CEO of G5, the leading data driven marketing company in the property management sector. With over 20 years of experience in building technology companies with high growth, Dan oversees G5’s strategic direction, execution and planning. Dan is a co-founder of the Bend Venture Conference and participates on the advisory board for OSU Cascades. He completed his BA at the University of California at Santa Barbara and is a graduate of the Shibusawa International School in Fukaya, Japan. “Community banks are vital to the well-being of our community,” says Hobin. “Summit Bank impresses me with their entrepreneurial culture and spirit.”
With offices in Eugene and Bend, Summit Bank is a business bank that specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. Summit is the number one community bank lender in SBA lending.
Craig Wanichek, the Chief Executive Officer of Summit Bank, announced today the following promotions, effective immediately:
Jayson Davis, Business Client Advisor, to Vice President
Ashley Horner, SBA Program Administrator, to Vice President
Genevieve Sumnall, Treasury Management Officer, to Vice President
Jenny Bennett, Business Development Officer, to Vice President
Chris Hemmings, to Assistant Vice President
Suzy Molinski to Assistant Vice President
Pam Pliler to Assistant Vice President
Kim Scofield to Assistant Vice President
July 5, 2016, Eugene, OR –Results are in for U.S. Small Business Administration (SBA) loans in Oregon, and Summit Bank continues to land on top. Lending totals for the first eight months of the SBA Portland District Office (with territory including Oregon and Southwest Washington) were recently published. The results detail that Summit Bank is the number one community bank lender in Oregon that offers SBA financing, with over $2,000,000 in SBA loans this year. Summit finished #10 for in the district out of 66 active lenders.
SBA loans help small businesses promote and strengthen the overall economy through financial assistance and by providing counsel to help people start and grow their business.
According to Summit Bank SBA Program Administrator Ashley Horner, “this recognition speaks volumes as to how nimble we are as a community bank. As compared with other lenders, who go through layers of management to get to a decision maker, we have a small amount of people involved in making loan decisions.”
A recent testament to that expedited turnaround process is Melinda Gitnes, owner of Northwest Reflections (a memory care facility in Florence, OR) who recently went through the SBA loan process with Summit. “I chose Summit because they were recommended by a community member and they are known for supporting small businesses. My experience going through the loan process couldn’t be more positive. They worked with me through the Lane County approval process and remained flexible and supportive during a time that is otherwise stressful for small business owners.”
Also last month, Horner was recruited on a national level as a speaker during an SBA One Panel at the National Association of Government Guaranteed Lenders (NAGGL) conference. This group, which acts as a governing board to guaranteed lenders, provides updates to the Senate and Congress as they contemplate legislation.
The new SBA One program was recently created as a new platform for lenders to communicate with the SBA to obtain loan approvals for servicing.
With offices in Eugene and Bend, Summit Bank specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. Summit is the number one community bank lender in Oregon for SBA Financing.
Summit Treasury Management Officer Genevieve Sumnall has been named President of Relief Nursery Leadership Board.
After three extraordinary years as president of Relief Nursery’s Leadership Board, Celeste Edman has passed the presidential ‘baton’ to Genevieve Sumnall. Relief Nursery is excited for the vision and enthusiasm that new president Genevieve Sumnall brings to the position. Genevieve – known for her dynamic leadership and infectious laugh – works as Treasury Management Officer at Summit Bank. Only two months into her new role, Genevieve has the Leadership Board organizing a highly anticipated Lip Sync Battle fundraiser this fall.
Your home has locks on the doors and windows to protect your family and prevent thieves from stealing cash, electronics, jewelry and other physical possessions. But do you have deterrents to prevent the loss or theft of your electronic assets, including bank account and other information in your personal computers, at home and when banking or shopping remotely online?
“Think about all of the access points to and from your computer — such as Internet connections, email accounts and wireless networks,” said Michael Benardo, manager of the FDIC’s Cyber Fraud and Financial Crimes Section. “These always need to be protected. Otherwise, it’s like leaving your front door wide open while you are away so that anyone could come in and take what they please.”
Download this Cyber Security Guide for strategies.
Before you participate in any lottery or sweepstake, Summit Bank encourages you to keep these tips in mind:
- Don’t be fooled by the appearance of the check. Scam artists are using sophisticated technology to create counterfeit checks that mirror the appearance of legitimate checks. Some are counterfeit money orders, some are phony cashier’s checks and others look like they are from legitimate business accounts.
- Never ‘pay to play.’ There is no legitimate reason for someone who is giving you money to ask you to wire money back or send you more than the exact amount —that’s a red flag that it’s a scam. If a stranger wants to pay you for something, insist on a cashier’s check for the exact amount, preferably from a local bank or one with a local branch.
- decide to spend the money.
For more information about fake check scams and how you can avoid them, go to fakechecks.org.
According to the FBI, in 2014 consumers lost more than $8 million to solicitation scams promising instant wealth and grand prize earnings. These scams, commonly referred to as the “advance fee,” “lottery” or “sweepstake” scam, involve fraudsters issuing counterfeit checks and fake award letters to consumers who have allegedly won a lottery or sweepstake raffle. The consumer, who most likely never entered the alleged drawing, is issued a check worth more than the amount owed and instructed to pay taxes and fees before receiving their lump sum payment. Unfortunately, the check — in addition to the raffle — is bogus. “Consumers fall victim to lottery and sweepstake scams at alarming rates,” said Mike Mercer, senior vice president and chief banking officer. “It’s extremely important for them to recognize the red flags associated with this type of fraud before they deposit any check they weren’t expecting or send money to an unknown recipient by check or electronic wire.”
“Consumers fall victim to lottery and sweepstake scams at alarming rates,” said Mike Mercer, senior vice president and chief banking officer. “It’s extremely important for them to recognize the red flags associated with this type of fraud before they deposit any check they weren’t expecting or send money to an unknown recipient by check or electronic wire.”
Verify the requestor before you wire or issue a check. It is important to know who you are sending money to before you send it. Just because someone contacted you doesn’t mean they are a trusted source.
- Ensure a check has “cleared” to be most safe. Under federal law, banks must make deposited funds available quickly, but just because you can withdraw the money doesn’t mean the check is good, even if it’s a cashier’s check or money order. Be sure to ask if the check has cleared, not merely if the funds are available before you decide to spend the money.
- Report any suspected fraud to your bank immediately. Bank staff are experts in spotting fraudulent checks. If you think someone is trying to pull a fake check scam, don’t deposit it—report it. Contact your local bank or the National Consumers League’s Fraud Center, fraud.org.
For more information about fake check scams and how you can avoid them, go to fakechecks.org.