Banking Tips

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

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.