FOR IMMEDIATE RELEASE Contact: Craig Wanichek, President & Chief Executive Officer 541-684-7500 EUGENE, Oregon – Summit Bank Group (OTC Pink: SBKO) Summit Bank Group reported net income for the fourth quarter of $3.01 million or 39 cents per fully diluted share. Fourth quarter net income was $1.33 million or 17 […]
Summit Bank Group Reports 2024 4th Quarter Earnings Read More
EUGENE, OR — January 27, 2025—Summit Bank is honored to announce its recognition as one of Oregon Business Magazine’s top-performing companies in 2025. The Bank ranked #19 in the Top 100 Best Companies to Work for in Oregon list within the Large Companies category, making it the highest-ranking Bank headquartered in Oregon.
Summit Bank Earns Top Rankings in Oregon Business Magazine Read More
FOR IMMEDIATE RELEASE Grant Represents a Creative Win in a Challenging Funding Environment for CityTeam’s Old Town Rehabilitation, Workforce Development, and Transitional Housing Facility PORTLAND, OR – Jan. 22, 2025 – CityTeam Portland announced it has been selected to receive a $3 million grant from the Federal Home Loan Bank
This year has been an unforgettable one for Summit Bank. We marked two significant milestones that highlight the journey we’ve been on together: celebrating 20 years of serving the Eugene community and launching a new chapter with our Portland office in the KOIN Tower. Both occasions brought together the people
Oregon is no stranger to environmental innovation. The state has long been a leader in renewable energy and sustainable practices, with over 60% of its electricity generated from renewable sources in 2023. This includes hydroelectric, wind, and solar power and emerging technologies like wave energy. Oregon’s robust Renewable Portfolio Standard
Emerging Industries: Clean Energy & Sustainability Leading the Green Revolution Read More
This year, the Oregon Bioscience industry continues to drive significant advancements in healthcare, technology, and economic development. With over 870 companies across the state working on cutting-edge research and innovations, the industry has maintained its momentum, contributing billions of dollars to Oregon’s economy while improving global health outcomes. A Year
The Oregon Bioscience Industry: Innovation and Growth in 2024 Read More
Interest Rates: What They Mean for You and Your Business As we enter a new year, there’s much buzz about interest rates. These financial indicators influence everything from business loans to savings returns, from the Federal Funds Rate to the Prime Rate and Treasury yields. At Summit Bank, we’re here
Demystifying Interest Rates: Fed, Prime, and Treasury Yields Explained Read More
As 2024 concludes, businesses are looking ahead to 2025 with cautious optimism. Summit Bank’s Chief Executive Officer, Craig Wanichek and Chief Financial Officer, Chris Hemmings, share their professional insights on how small and mid-sized companies can navigate challenges, seize opportunities, and adapt to an ever-changing economic landscape. Their expertise offers
Expert Insights for 2025: Strategies from Summit Bank’s CEO and CFO Read More
In today’s world, community banks and credit unions serve individuals, small businesses, and communities. While they share a commitment to local needs, each institution has unique characteristics. Here’s a look at the fundamental differences between community banks, like Summit Bank, and credit unions, as well as the increasing competition credit
Community Banks or Credit Unions: Understanding the Differences and Challenges Ahead Read More
FOR IMMEDIATE RELEASE Contact: Craig Wanichek President and Chief Executive Officer Summit Bank Group, Inc. (541) 684-7500 EUGENE, OREGON, November 19, 2024 – Summit Bank Group, Inc. (the “Company”) (OTC Pink: SBKO), the holding company for Summit Bank, announced it has adopted a program to repurchase up to $1,000,000 worth of shares of
SUMMIT BANK GROUP, INC. ANNOUNCES ADOPTION OF REPURCHASE PROGRAM Read More
