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Winter weather

Due to the inclement weather our Central Oregon Office will be closing at 3:00pm today.

Weather Closures

Due to inclement weather conditions, our Central Oregon office will close at 3:00 p.m. on Tuesday, January 10th.

Summit Bank Issues Stock Dividend

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.

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Business Mobile Banking

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.

Features

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.

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Summit Bank Announces Patricia Buehler, M.D. and Dan Hobin Have Joined Board of Directors

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.

Summit Bank Announces Promotions

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

 

SBA Recognized as Top Community Bank Lender in Oregon

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 recognized as a top community bank

Summit Bank was recognized this month as one of the top community banks in the nation, by multiple sources. In its May issue, The Independent Banker®, the nation’s number one source for community banking news, listed Summit as one of the top 25 community banks in the country compared to banks of comparable asset size. This distinction was based on earnings and operational efficiencies achieved throughout 2015.

In addition, American Banker, which covers the latest news on the banking and finance industries in the US, issued a list of the Top 200 Community Banks based on three-year return on average equity. Contributing factors to make the list included loan and deposit growth. Summit ranks number 20 and is the only bank headquartered in the Pacific Northwest to make the top 25.

Finally, SNL, a national leader in providing financial data, placed Summit in the top 50 from over 4,000 community banks with up to $500 million in assets. The ranking was based on superior profitability, asset quality and growth for 2015. “Last year was an exciting year for Summit,” said Craig Wanichek, president and chief executive officer. “This industry recognition coupled with the opening of our second office in Bend is a credit to our clients and colleagues.”

Wanichek is also receiving recognition on a national level. This month, he was appointed to the Independent Community Bankers of America (ICBA) Federal Delegate board by Chairman Rebeca Romero Rainey and President Cam Fine for a two-year term.

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.

For more information, contact Craig Wanichek, President & CEO at 541-684-7500.

Genevieve Sumnall named President of Relief Nursery Leadership Board

image001Summit 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.

Protect Your “Cyber Home” With a Solid Foundation

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.