Summit Bank Welcomes Veteran Portland Banker Jackie Costello

Rhea-AI Summary

Summit Bank (OTC Pink: SBKO) has appointed Jackie Costello as Vice President, Business Client Advisor for the Portland and Southwest Washington market. Costello brings over 30 years of banking experience, previously working as a lender in another community bank. Her role will include managing client portfolios and aiding in the growth of Summit Bank's loan and deposit activities. Brian Thomas, the bank's Commercial Banking Team Leader, expressed optimism about her joining, stating her experience will expand the bank's client base.

Positive

• Jackie Costello hired as VP, enhancing Summit Bank's expertise.
• Costello's experience of over 30 years may improve client relations and bank growth.

Negative

• None.

PORTLAND, Ore.--(BUSINESS WIRE)-- Brian Thomas, Commercial Banking Team Leader for Summit Bank (OTC Pink: SBKO), announced today that Jackie Costello has been hired as Vice President, Business Client Advisor for Summit Bank’s Portland/Southwest Washington market.

Costello comes to Summit with over 30 years of banking experience supporting commercial and private banking clients in the Portland and Washington area, most recently as a lender for another community bank. She is also a former team lead for a regional trust bank. Always active in the community, Costello serves on the Board of Candlelighters for Children with Cancer. She also delivers meals to the elderly for Meals on Wheels. Costello will help manage Summit Bank’s client portfolio and help grow Summit’s loan and deposit portfolio, while also providing support and mentorship to the development efforts of our team.

“We are excited to have Jackie join our efforts to help Summit Bank grow our market presence in this community. Her long-time banking career will benefit our entire team and expand our client base,” says Thomas.

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/20220829005570/en/

Brian Thomas, Commercial Banking Team Leader, Bthomas@sbko.bank

Source: Summit Bank Group Inc.

FAQ

Who is Jackie Costello and what is her role at Summit Bank?

Jackie Costello has been hired as Vice President, Business Client Advisor at Summit Bank, focusing on the Portland and Southwest Washington market.

What is the significance of Jackie Costello's experience for Summit Bank?

Jackie Costello brings over 30 years of banking experience, which may help in managing client portfolios and expanding the bank's loan and deposit activities.

What are Summit Bank's recent achievements?

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

What can investors expect from Summit Bank with the new hire?

Investors may anticipate improved market presence and client engagement due to Jackie Costello's extensive banking experience.