Banking Tips

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% […]

Central Oregon—which includes Bend, Redmond, Sunriver, Sisters, La Pine, Prineville, and Madras—continues to see some of the fastest population growth in the Pacific Northwest. Its economy features multiple vibrant sectors, including tourism, construction, technology, manufacturing, healthcare, professional services, and specialized financial support for small businesses. The region’s scenic attractions, entrepreneurial

The Eugene & Springfield region boasts a balanced and resilient economy, combining cutting-edge research and innovation with traditional industries. From the University of Oregon’s wide-ranging influence to the vibrant “Silicon Shire” tech community, here’s an overview of the sectors driving growth and creating opportunities throughout the Willamette Valley. Higher Education

Summit Bank goes beyond everyday banking to make a genuine difference in the places we call home. In 2024, our team volunteered for 1,534 hours, contributed $337,605 in donations and sponsorships, and arranged $12,589,700 in loans that serve nonprofits throughout the state. Of that total, $8.3 million went toward affordable housing, helping more families find a stable

This time last year we wrote about how the national and Central Oregon economy would shrug off recessionary predictions, the Fed would be measured in lowering interest rates in the face of ongoing inflation and that businesses in most sectors would do well in 2024. Despite a persistent inverted interest

Oregon’s journey in advanced manufacturing is more than just an industry trend—it’s a key driver of economic growth and a magnet for global investment. From semiconductors to 3D-printed aerospace components, the state’s diverse capabilities showcase a potent combination of time-honored craftsmanship and forward-looking technology. Why Oregon? Flagship Players Intel’s Hillsboro

Oregon’s tech sector is one of the fastest-growing in the nation, evolving rapidly with innovations in artificial intelligence (AI), cloud computing, blockchain, and mobile applications. Over the past decade, this industry has transformed Oregon into a technology hub, often called the “Silicon Forest.” The growth has been remarkable, from startups

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

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