Summit Financial Group, Inc. Completes Acquisition of WinFirst Financial Corp. and Subsidiary, WinFirst Bank
Summit Financial Group, Inc. (NASDAQ: SMMF) has completed the acquisition of WinFirst Financial Corp. and its subsidiary, WinFirst Bank, effective December 15, 2020. This strategic move enhances Summit's community banking footprint in Kentucky and aligns with its expansion goals. The WinFirst Bank branches will retain their branding until late-May 2021, after which they will transition to Summit Community Bank. Summit Financial, with assets totaling $3.1 billion, operates 43 banking locations across several states.
- Acquisition enhances market presence in Kentucky.
- Expected growth in customer base and revenue opportunities.
- None.
MOOREFIELD, W.V., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective December 15, 2020, of the acquisition by its subsidiary Summit Community Bank, Inc. of WinFirst Financial Corp. and its subsidiary, WinFirst Bank, headquartered in Winchester, Kentucky.
The former WinFirst Bank offices will continue to operate under that name until late-May 2021, after which they will operate under the name Summit Community Bank.
About Summit
Summit Financial Group, Inc. is a
Contact: | Robert S. Tissue, Executive Vice President & CFO |
Telephone: | (304) 530-0552 |
Email: | rtissue@summitfgi.com |
FAQ
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