Author name: Summit Bank

Mastering the Financial Ecosystem: Understanding Money Market Funds & Accounts

In the constantly changing financial landscape, shaped by the Federal Reserve’s rate adjustments much like seasons alter the environment, two distinct but often confused instruments stand out for their utility and adaptability: money market mutual funds and money market accounts. Each serves unique purposes and offers different protections, critical for […]

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Navigating the Waters of Debt Refinance with Summit Bank’s SBA Lending Program

In the ever-evolving business finance landscape, debt refinancing is a strategic approach many small business owners consider to improve their financial health and sustainability. Amidst the plethora of lending options available, Summit Bank’s SBA Lending Program has emerged as a cornerstone for businesses aiming to refinance existing debts under more

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A Strategic Approach to facilitating Partner Buy-in with Summit Bank’s SBA Program

In the dynamic business ownership and partnership landscape, scenarios often arise where a partner wishes to buy into an existing business or increase their stake. While promising for future growth and alignment of business goals, this process requires significant capital investment. Summit Bank’s SBA Lending Program emerges as a critical

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A Comprehensive Guide to utilizing Summit Bank’s SBA Program for Business Acquisition

The journey of entrepreneurship often leads to the opportunity to acquire an existing business, a path filled with potential for rapid growth and expansion. Yet, the financial hurdles of such an endeavor can seem formidable. Summit Bank’s SBA Lending Program is a beacon for aspiring business owners, offering a structured

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SUMMIT BANK ANNOUNCES APPOINTMENT OF DIRECTOR EMERITUS FOR DISTINGUISHED RETIRED BOARD OF DIRECTORS MEMBERS  

FOR IMMEDIATE RELEASE  Contact:  Jenny Bennett, Market President, 541-684-7500/[email protected]  June 4, 2024:  Eugene, OR – Craig Wanichek, President & CEO of Summit Bank and Paul Weinhold, Summit Bank Board of Directors Chair, announced today the appointment of Ann Marie Mehlum, Alan Evans and John York as Director Emeritus in recognition

SUMMIT BANK ANNOUNCES APPOINTMENT OF DIRECTOR EMERITUS FOR DISTINGUISHED RETIRED BOARD OF DIRECTORS MEMBERS   Read More

Summit Bank Announces Lease Renewal and Expansion at our Westside Office 

FOR IMMEDIATE RELEASE  Contact:  Craig Wanichek, President  & Chief Executive Officer, [email protected]  Hillsboro, OR (June 3, 2024) – Summit Bank is excited to announce our lease renewal at 1915 NE Stucki Ave, Suite 155, Hillsboro, OR. The bank has signed a new five-year lease for its Westside office, with an

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Summit Bank Announces the Promotions of Carly Carmichael, Jill Cummings, and Jordan Burcham 

Today, Summit Bank, the leading Oregon-based community business bank, announced the promotion of Jill Cummings, Carly Carmichael, and Jordan Burcham. This advancement is a strategic part of Summit Bank’s commitment to supporting the local business community and fostering economic growth in Central Oregon.  Carly Carmichael, who has excelled as Vice

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Summit Bank Expands Oregon Footprint with New Redmond Office 

Summit Bank, the leading Oregon-based community business bank, opened its newest Branch Office in downtown Redmond, Oregon in April. This expansion signifies Summit Bank’s dedication to serving local businesses and further solidifies its commitment to the vibrant communities of Central Oregon.  Situated off Highway 97 on the south end of

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