Banking Tips

In digital marketing, G5 stands out for its unique approach to the real estate industry, especially in multifamily housing. Led by its founders, G5 offers solutions to improve marketing strategies, from website design to data analytics. The Genesis: A Fortuitous Opportunity Dan Hobin , a Summit Bank board member and […]

Succession planning is an essential strategy for ensuring the longevity and health of any business. Surprisingly, many companies must prepare for this inevitable transition, often resulting in unnecessary complications or failure. This guide is a beacon in the maze of succession planning, offering not just insight but also direction to

The same work ethic that got Maarty Leunen and the Oregon Ducks to the NCAA Elite Eight has been a winning strategy in banking. Maarty Leunen is dedicated to building connections and long-term relationships with prospective and current clients. His hard work, loyalty, and honest approach have earned Maarty the

Central Oregon native JILL CUMMINGS fosters banking talent and local businesses. Jill Cummings, Senior Vice President, Commercial Banking Team Leader, has extensive experience in treasury solutions, business development, and management; she is a key figure in the substantial growth of Summit Bank’s deposit base in Central Oregon. Since joining the

The opening of a new Central Oregon office reflects Summit Bank’s commitment to building lasting relationships with local businesses and nonprofits. 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

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