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
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
Mountains, Craft Beer, and Microchips: Central Oregon’s Evolving Economic Landscape Read More
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
Eugene & Springfield’s Thriving Economy: A Closer Look at Key Sectors Read More
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
Lifting Neighborhoods Across Oregon Read More
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
Thrive (and borrow if it makes sense) in 2025 Read More
