Banking Tips

Certificates of Deposit (CD) have been popular for business owners seeking stable and relatively safe investment avenues, particularly with rising interest rates. While CDs often advertise attractive initial rates, important considerations must be made to avoid pitfalls. One common issue arises at the maturity of these CDs. Many financial institutions […]

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

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

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

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

In a world where the role of businesses transcends mere profit-making, corporate social responsibility (CSR) stands as a pillar in fostering more vital communities. At Summit Bank, we have woven CSR into our corporate DNA, recognizing its pivotal role in shaping a thriving business ecosystem. In this article, we shed

By Stacy Koos, SVP, Market Development Officer  In our quest to bring you inspiring stories and insights from successful entrepreneurs, we recently had the privilege of interviewing Cassie Jones, an accomplished entrepreneur and partner at Gleaves Swearingen LLP. Cassie shared her journey, experiences, and valuable lessons learned along the way.

By Darvin Fowler, SVP, Co-Commercial Team Lead Greetings, entrepreneurs of Eugene and Springfield! If you’re looking to take your business to the next level, it’s essential to have a well-thought-out strategy in place. In this newsletter edition, we’ll explore critical strategies for scaling your business in our vibrant community.  1.

By Piotrek Buciarksi, SVP, Co-Commercial Team Lead In the vibrant heart of Oregon’s Willamette Valley lies a community bank that understands the true essence of collaboration: Summit Bank. Nestled within the picturesque cities of Eugene and Springfield, Summit Bank has fostered economic growth and prosperity through its unwavering commitment to

By Chloe Tirabasso, VP, Business Client Advisor Blue Lotus Masala Chai: Tradition Meets Eco-Conscious Enterprise Summit Bank is delighted to spotlight Blue Lotus Masala Chai, a brand that has successfully brought the authentic Indian chai experience to the US while embedding sustainability in its core. A passion for tradition and