Summit Bank: Celebrating 20 Years of Serving Oregon Communities

Rhea-AI Summary

Summit Bank, Oregon's leading community business bank, commemorates its 20th anniversary, highlighting its growth to over one billion in assets and expansion to five offices. The bank's success is attributed to its dedication to local businesses and personalized financial solutions.

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• Summit Bank celebrates its 20th anniversary as Oregon's premier community business bank.
• Founded in 2004, Summit Bank is the first independent community bank in the Eugene/Springfield area in over 25 years.
• The bank has experienced remarkable growth, now holding over one billion in assets and being the second largest bank headquartered in Oregon.
• Summit Bank's success is due to its commitment to local businesses, fostering strong relationships, and offering tailored financial solutions.
• The bank has expanded its footprint with five offices across Eugene/Springfield, the Portland Metro area, and Central Oregon.
• To mark its anniversary, Summit Bank is organizing events to appreciate its clients and community supporters.

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EUGENE, Ore.--(BUSINESS WIRE)-- Today marks a significant milestone for Summit Bank, Oregon's premier community business bank, as it celebrates its 20th anniversary. Founded in 2004, Summit Bank opened its doors as the first independent community bank in the Eugene/Springfield area in over 25 years, revitalizing the tradition of locally focused banking services.

(Photo: Business Wire)

"Summit Bank came to be as a response to the growing need for a bank that could provide the personalized service that local businesses and professionals deserve," said Paul Weinhold, Chairman of the Board of Directors. "Our inception was a turning point for many who felt underserved by larger banking institutions. Twenty years later, we're proud to have stayed true to our mission of serving the community with dedication and integrity."

Over the past two decades, Summit Bank has experienced remarkable growth, now boasting over one billion in assets. It is the second largest bank headquartered in the State of Oregon. The bank's success is underpinned by its commitment to local businesses, fostering strong relationships and offering customized financial solutions for a variety of business and nonprofit clients. Since opening, Summit Bank has expanded its footprint with five offices across Eugene/Springfield, the Portland Metro area and Central Oregon.

To commemorate its 20th anniversary, Summit Bank is organizing events to show appreciation for our clients who helped us reach the point we are at now. "As we celebrate this milestone, our focus remains steadfast on thanking the local businesses and individuals who have been integral to our story," said Craig Wanichek, President and CEO.

About Summit Bank:

Summit Bank Group Inc., through its wholly owned subsidiary Summit Bank, maintains offices in Eugene, Bend and Portland and specializes in providing high-level service to professionals and medium-sized businesses and their owners. The bank was voted for the third year in a row as one of Oregon’s “Top 100 Companies to Work For,” according to Oregon Business Magazine. The Bank was voted in 2023 as “Favorite Bank” in the Eugene Register-Guard’s annual Reader’s Choice Awards and “Best Bank” by Central Oregon’s Bend Bulletin. Summit Bank Group Inc. is quoted on the OTCPK as SBKO.

For more information, contact Craig Wanichek, CEO & President of Summit Bank cwanichek@sbko.bank

View source version on businesswire.com: https://www.businesswire.com/news/home/20240222410231/en/

Craig Wanichek, CEO & President of Summit Bank

541-684-7533

Source: Summit Bank

FAQ

What is Summit Bank's ticker symbol?

The ticker symbol for Summit Bank is SBKO.

How long has Summit Bank been in operation?

Summit Bank has been in operation for 20 years since its founding in 2004.

What is the bank's current total assets?

Summit Bank currently holds over one billion in assets.

How many offices does Summit Bank have?

Summit Bank has expanded to five offices across Eugene/Springfield, the Portland Metro area, and Central Oregon.

What is Summit Bank's focus for its personalized service?

Summit Bank focuses on providing personalized service to local businesses and professionals.