Written by Roger Lee, Vice President, Business Client Advisor There are several points of data to help accurately forecast a change in the business cycle. One of the most reliable has historically been an inverted yield curve – when short-term debt instruments have higher yields than their long-term counterparts. Since […]
Is a National Economic Recession Inevitable in 2024? Read More
Summit Bank Group reported net income for the third quarter of $2.44 million or 32 cents per fully diluted share, equaling the earnings per share result for Q2 2023 and representing an increase of 6.7 percent or 2 cents per fully diluted share over the first quarter of 2023. Comparable
Summit Bank Group Reports 2023 3rd Quarter Earnings Read More
By Roger Lee, Vice President, Business Client Advisor A few months ago, I met with local business leaders in the news industry. I was surprised to learn that their perception that Bend and the Central Oregon region’s economy are still largely dependent on two sectors: construction and tourism. While these
Central Oregon’s Industry Mix – Still Boom-Bust Based on Tourism & Construction? Read More
Marquam Group transforms the way people work. They leverage Microsoft, Nintex, DocuSign, and managed services to accelerate businesses’ evolution. Their story is a testament to the challenges and triumphs many aspiring entrepreneurs face. As Chad Layman, the Owner and CEO of Marquam Group, embarked on his entrepreneurial journey, he encountered
Supporting Marquam Group’s innovation approach to business Read More
Dan Wahlin recently joined Summit Bank as the new Senior Vice President, Commercial Team Lead for our Westside Portland Office. Wahlin is a longtime Beaverton resident and veteran community banker with over 30 years of experience and a proven track record of building and maintaining long-term business relationships. His experience
Eugene, OR – Summit Bank is pleased to announce that Chris Hemmings, Chief Operating Officer, has been appointed as the Board Chair for FOOD For Lane County, a leading non-profit organization dedicated to alleviating hunger and building a healthier community. Hemmings, who has been integral to Summit Bank’s growth over
Summit Bank’s Chris Hemmings Appointed Board Chair for FOOD For Lane County Read More
Brick by brick, Brian Thomas’ efforts laid a strong foundation for a successful banking career. Thomas started wholesale mortgage banking after graduating from the University of Oregon in 2005. After a wild ride through volatile economic conditions, he secured a position as a credit analyst at a growing community bank
Eugene, OR — The United States Small Business Association data is in and Summit Bank has achieved the number one position in the State of Oregon as the Small Business Administration (SBA) top lender for production. In the SBA fiscal year, Summit Bank facilitated a total of $30,709,900 in 7(a) loans. This
Written by Rebekah Pratt, Vice President, Business Client Advisor Born and raised in Portland, Oregon, I have witnessed the transformation of this city over the years. From my childhood memories of exploring the iconic landmarks to my early working years in the heart of Downtown, Portland which has always held
Why are businesses leaving downtown Portland? Read More
By Chris Barron, Vice President, Relationship Banker Q. The top four banks have an implied federal guarantee on their deposits. Why put your deposits above the FDIC-insured limit in any other bank? A. Every depositor needs to make this decision for themselves, as there’s an intrinsic risk associated with uninsured
Why put your deposits above the FDIC-insured limit? Read More
