Summit Bank Adds Long-Time Commercial Banker for Central Oregon Office

Rhea-AI Summary

Summit Bank (OTC Pink: SBKO) has announced the hiring of Zak Sundsten as Senior Vice President, Business Client Advisor for its Central Oregon office. With over 25 years of commercial banking experience, Sundsten previously managed a portfolio worth $26MM at Idaho First Bank. He is recognized in Central Oregon's banking community and is expected to enhance the lending team. Summit Bank, noted for its strong service to various industries, was named the Top SBA Community Bank Lender in Oregon in 2021 and one of Oregon Business Magazine’s Top 100 Best Places to Work in 2022.

Positive

• Zak Sundsten brings over 25 years of commercial banking experience.
• He successfully grew a portfolio from zero to $26MM in 20 months at his previous bank.
• Summit Bank was named Top SBA Community Bank Lender in Oregon in 2021.
• The bank was recognized in Oregon Business Magazine’s Top 100 Best Places to Work in 2022.

Negative

• None.

BEND, Ore.--(BUSINESS WIRE)-- Gary O’Connell, Market President for Summit Bank (OTC Pink: SBKO), announced today that Zak Sundsten has been hired as Senior Vice President, Business Client Advisor for the Central Oregon office.

Zak Sundsten, Vice President, Business Client Advisor (Photo: Business Wire)

“Zak is a phenomenal banker and is well respected in the Central Oregon business community. We believe he will mesh perfectly with the Summit culture and expect him to be an incredible contributor to our lending team moving forward,” says O’Connell.

Sundsten is a Central Oregon native who has made a name for himself throughout the local banking community. He brings over 25 years of Commercial Banking experience to Summit. His previous position was at Idaho First Bank as a Commercial Relationship Manager, where he grew a portfolio from zero to $26MM in approximately 20 months. In addition, he has a wide array of lending knowledge ranging from Commercial Real Estate, Residential, Commercial & Industrial, and Construction and Consumer loans.

He attended Central Oregon Community College and later went to the Western School of Commercial Lending and Commercial Lending School to further his banking education. He is a past board member of the Habitat for Humanity and current board member for the Economic Development of Central Oregon (EDCO).

About Summit Bank

Summit Bank Group Inc., through its wholly owned subsidiary Summit Bank, is a leading independent community bank providing outstanding service to professionals and businesses within various industries including manufacturing, healthcare, public entities, and nonprofits. With offices in Eugene, Central Oregon, and downtown Portland, Summit Bank specializes in high-touch personal banking and local decision making. Summit Bank Group Inc. is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. In 2021, Summit Bank was named the Top Small Business Administration (SBA) Community Bank Lender in the State of Oregon and in 2022, has been named to Oregon Business Magazine’s Top 100 Best Places to Work.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221004005257/en/

Gary O’Connell, Central Oregon Market President, goconnell@sbko.bank

Source: Summit Bank

FAQ

Who is Zak Sundsten at Summit Bank (SBKO)?

Zak Sundsten is the newly hired Senior Vice President, Business Client Advisor at Summit Bank's Central Oregon office.

What experience does Zak Sundsten bring to Summit Bank (SBKO)?

He brings over 25 years of commercial banking experience, including growing a $26MM portfolio in 20 months at Idaho First Bank.

What recognition has Summit Bank (SBKO) received recently?

Summit Bank was named the Top SBA Community Bank Lender in Oregon in 2021 and one of the Top 100 Best Places to Work in 2022 by Oregon Business Magazine.