Banking Tips

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 […]

Central Oregon is not just a region; it’s a fantastic community with diverse needs and aspirations. Summit Bank is at the forefront of nurturing this community spirit and is known for its financial services and commitment to community development. Summit Bank has become integral to the Central Oregon community’s growth

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