· Reported record asset-size of $1.08 billion, up 16.0 percent over Q1 2022 · Cash and securities totaled $291.4 million – 27 percent of total assets, an increase of 5.8 percent over Q1 2022 · Year over year Deposit Growth – $108.0 million or 13.0 percent over March 31, 2022 · Year over year […]
Summit Bank Group Reports 2023 1st Quarter Earnings and Record Asset Size Read More
WESTSIDE PORTLAND: (April 10, 2023, 1915 NE Stucki Ave, Hillsboro, OR 97006, Suite #155) Summit Bank is happy to announce the addition of Senior Vice President and Commercial Team Lead, Dan Wahlin, to our Westside Portland office. Wahlin is a longtime Beaverton resident and veteran community banker. With almost 40
We are so proud of Jenny Bennett, CFMP for being named a finalist for Woman Business leaders Leader of the Year award by the Eugene Area Chamber of Commerce. “Jenny is a loyal and fierce advocate for children and families in our community and selflessly gives of her time and
Portland, OR – Summit Bank is proud to announce that its President and Chief Executive Officer, Craig Wanichek, has been named an Executive of the Year by the Portland Business Journal. The Executive of the Year award is given to top executives who have demonstrated outstanding leadership, innovation, and business acumen
Craig Wanichek named an Executive of the Year by Portland Business Journal Read More
Summit Bank would like to update our clients, shareholders and friends on the financial stability and security of the Bankin light of recent events in the banking industry. We are very pleased with our financial position and solid balance sheet. As of March 16th, 2023, Summit Bank had $191million of
Financial Security & Stability of Summit Bank Read More
March 9, 2023, Eugene, OR – Craig Wanichek, President and Chief Executive Officer of Summit Bank (OTC PINK: SBKO), announced today that the Oregon-based business bank acquires a new bank building in Redmond, Oregon. The building, located in downtown Redmond at 538 SW Highland Ave, is a significant addition to
Summit Bank Acquires New Building in Redmond, OR Read More
Four key strategies all businesses should employ in the current environment. The state of Oregon’s economic forecast looks surprisingly bright, even taking into account historic pressure from inflation. Labor markets are expected to grow; however, labor will remain tight for businesses looking to hire. Inflation will persist noticeably above the
Central Oregon Market President Gary O’Connell talks about banking and his brief time in movies. Gary O’Connell started making loans in high school. As an avid sports card collector, he would buy cases of baseball cards at Costco, bring them to school, and sell individual wax packs. If his friends
Acting in your best interest Read More
In racing, cars fly around the track at top speed jockying for top position. But after a crash occurs, a designated safety car comes out to slow the track down until it’s safe to resume faster speeds. The Federal Reserve (or the Fed), and its ability to lower and raise
How to navigate interest rates during high inflation Read More
The tight labor market is creating significant challenges for businesses large and small throughout Oregon and the nation. The recovery from the pandemic, while overwhelmingly positive, has created a situation where employers are often struggling to fill positions at every level. And while competitive compensation and benefits are still key tools
How to build an employee-centric culture Read More
