Summit Bank is updating Business Analysis Statements to give business clients a clearer view of their account activity, fees and earnings credits. A new statement schedule Statements will continue to cover activity through the end of each month. However, statements will now be generated—and Account Analysis fees assessed—on the 15th
Business Analysis Statements Are Getting Easier to Read Read More
The Pacific Northwest remains one of the best places to build and grow a business, but the environment is changing quickly. In this blog, Brian Thomas shares what he is seeing across the region, including the growing importance of succession planning, labor strategy, capital discipline, technology, and long-term preparation. For
The Next 5 Years Will Decide Who Wins in the Pacific Northwest Read More
Oregon’s Business Bank reports donating more than $1.2 million and logging 6,100 volunteer hours over the past five years. Eugene,Ore. — Summit Bank has released its first Community Impact Report, showing the Bank’s support for nonprofit organizations, local economic development, affordable housing, education, health and basic needs, and community programs across Oregon. The 2025
For construction companies, strong revenue does not always tell the full story. Cash flow can shift quickly between payroll, materials, subcontractor costs, equipment needs, retainage, and project delays. In this blog, Steve Watts explains how banks evaluate construction businesses, what makes the industry unique from a lending perspective, and why
Banking Construction Companies: What Matters Most Read More
Economic shifts rarely begin with headlines. They usually show up first in behavior. Business owners start asking different questions. Payment timing changes. Growth plans get delayed or reworked. Teams become more cautious about risk. These signals often appear before the broader market settles on a narrative. That is one reason
What Community Banks See First When the Economy Shifts Read More
Red flags to watch for: End the conversation immediately if you notice any of the following: Unsolicited contact about your accounts: Be cautious of unexpected calls, texts, or emails about your banking. Watch for typos, odd phrasing, or messages that just “don’t sound like us.” Urgent threats or pressure to
Spot Scams Before They Happen Read More
Summer is a busy season for many small businesses—from retail spikes and travel-related demand to shifting employee schedules and vacation coverage. Unfortunately, fraudsters also know that this is a time when companies might be moving quickly and not constantly scrutinizing the fine print. At Summit Bank, we want to help
What Small Businesses Need to Know About Imposter Fraud and Seasonal Schemes Read More
At Summit Bank, we believe trust isn’t just earned—it’s protected. That’s why we uphold the principles of UDAAP, short for Unfair, Deceptive, or Abusive Acts or Practices, a key part of federal consumer protection law. Simply put, it’s our job to ensure you’re treated fairly, honestly, and with transparency. So, What Is
Fair, Transparent, and Trustworthy Banking: What UDAAP Means for You Read More
The Portland Metropolitan Area, encompassing Multnomah, Washington, Clackamas, Yamhill, Columbia Counties in Oregon, and Clark County in Washington, offers a dynamic blend of high-tech industry, robust trade, creative ventures, and an ever-growing commitment to sustainability. With a population of around 2.6 million and a roughly $219 billion GDP—representing nearly 70%
The Portland Metro Economy: A Region Poised for the Future Read More
