SUMMIT BANCSHS CALIF - SMAL STOCK NEWS

The Board of Directors of Summit Bancshares (OTC-PINK: SMAL) announced a quarterly cash dividend of $0.10 per share on January 18, 2023. This dividend is payable on March 15, 2023, to shareholders on record as of the close of business on February 22, 2023. This action reflects the company's ongoing commitment to returning value to its shareholders.

Summit Bancshares, Inc. announced a special cash dividend of $0.41 per share on January 18, 2023, marking the bank's 41st anniversary. This dividend will be payable on February 8, 2023, to shareholders on record as of the close of business on January 25, 2023.

The announcement highlights the company's commitment to returning value to its shareholders while celebrating its long-standing presence in the banking sector.

Summit Bancshares, Inc. has announced the appointment of Nancy E. O’Malley to its Board of Directors. O'Malley, formerly the Alameda County District Attorney, brings extensive experience, particularly in issues regarding violence against women and vulnerable populations. Her leadership in establishing the Alameda County Family Justice Center marks a significant contribution to community welfare. Executive Chairman Shirley Nelson expressed enthusiasm for O'Malley's appointment, emphasizing shared values in serving the community. O'Malley stated her honor in joining the board and her commitment to enhancing customer service at Summit Bank.

The Board of Directors of Summit Bancshares Inc. (OTC-PINK:SMAL) declared a quarterly cash dividend of $0.10 per share on October 19, 2022. This dividend is payable on December 15, 2022, to shareholders on record as of November 23, 2022. The total dividend for 2022 amounts to $0.40 per share.

The Board of Directors of Summit Bancshares Inc. (OTC-PINK: SMAL) declared a quarterly cash dividend of $0.10 per share. This dividend will be payable on September 15, 2022, to shareholders on record as of August 25, 2022. The announcement highlights the company's commitment to returning value to its shareholders amid its continued operations as the parent company of Summit Bank.

Summit Bancshares Inc. (OTC-PINK: SMAL) has announced a shift from semi-annual to quarterly shareholder dividends. The Board declared a quarterly cash dividend of $0.10 per share, an increase of $0.01 per share, payable on March 15, 2022. Shareholders on record as of the close on February 22, 2022 will receive this payment. The Board expresses confidence that projected interest rate hikes will bolster net income, supporting the increased dividend while maintaining strong return on assets (ROA) and return on equity (ROE).

The Board of Directors of Summit Bancshares declared a cash dividend of $0.18 per share on July 22, 2021. This dividend will be payable on August 31, 2021, to shareholders on record as of the close of business on August 10, 2021. Summit Bancshares is the parent company of Summit Bank and is listed under the ticker SMAL.

The Summit Bank Foundation, led by CEO Shirley Nelson, raised $83,001 to support first responders affected by the 2019/20 wildfires. Notable beneficiaries include firefighters Brandon North and Rebecca Brown-Dehner, who received $50,000 towards a new home after losing their own. Mitchell Wilms, another firefighter, is also being supported as he recovers from personal losses incurred during the fires. The Foundation aims to assist those sacrificing for the community, with funding started in 2020 backed by community contributions.