Press Releases

Summit Bank Group Reports 2025 1st  Quarter Earnings 

FOR IMMEDIATE RELEASE  Contact:  Craig Wanichek, President & Chief Executive Officer 541-684-7500  EUGENE, Ore.–(BUSINESS WIRE)–Summit Bank Group (OTC Pink: SBKO)   Summit Bank Group reported net income for the first quarter of $2.93 million or 37 cents per fully diluted share.  Comparable earnings for the first quarter of 2024 were $2.42 […]

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Summit Bank Named Oregon & S.W. Washington’s Fastest-Growing Bank by Deposits 

FOR IMMEDIATE RELEASE  Contact: Craig Wanichek, President & Chief Executive Officer, [email protected]   EUGENE, OR — April 21, 2025 — Summit Bank (OTC: SBKO) has been named the fastest-growing Bank in Oregon and S.W. Washington by deposit growth, according to the Portland Business Journal’s 2025 rankings of regional banks. Based on

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Summit Bank Welcomes Raj Pelon as Relationship Banking Team Manager for the Eugene & Springfield Office  

EUGENE, OR (April 16 2025) — Summit Bank is excited to announce the addition of Raj Pelon as Relationship Banking Team Manager to its Eugene & Springfield office. Pelon brings over 15 years of banking and leadership experience in the Eugene/Springfield market, having previously served in management roles at notable regional

Summit Bank Welcomes Raj Pelon as Relationship Banking Team Manager for the Eugene & Springfield Office   Read More

Summit Bank Announces Promotion of Stacey Labrasseur to Treasury Management Manager 

EUGENE, OR (April 15th, 2025) – Summit Bank is pleased to announce the promotion of Stacey LaBrasseur to Treasury Management Manager. In less than a year with the Bank, Stacey has consistently demonstrated outstanding commitment to client service, operational excellence, and team collaboration.  Since joining Summit Bank as a Relationship

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Summit Bank Named a Best Place for Working Parents by Lane County 

Summit Bank has been named a Best Place for Working Parents by Lane County, earning recognition for supporting working families through progressive workplace policies and a strong culture of flexibility and care.  The designation highlights businesses that implement evidence-based practices that improve retention, productivity, and employee satisfaction. Employers are evaluated

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Summit Bank Announces Appointment of Steve Ritchie to Eugene & Springfield Advisory Board 

FOR IMMEDIATE RELEASE: Contact: Craig Wanichek President and Chief Executive Officer, 541.684.7533, [email protected] EUGENE, OR (March 26 2025) – Summit Bank is pleased to announce the appointment of Steve Ritchie, CPA, CFE, and Managing Partner at Kernutt Stokes, to its Eugene & Springfield Advisory Board. Ritchie brings a wealth of accounting, finance,

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CITY TEAM PORTLAND AWARDED $3 MILLION THROUGH PARTNERSHIP WITH SUMMIT BANK AND THE FEDERAL HOME LOAN BANK OF DES MOINES

FOR IMMEDIATE RELEASE   Grant Represents a Creative Win in a Challenging Funding Environment for CityTeam’s Old Town Rehabilitation, Workforce Development,  and Transitional Housing Facility   PORTLAND, OR – Jan. 22, 2025 – CityTeam Portland announced it has been selected to receive a $3 million grant from the Federal Home Loan Bank

CITY TEAM PORTLAND AWARDED $3 MILLION THROUGH PARTNERSHIP WITH SUMMIT BANK AND THE FEDERAL HOME LOAN BANK OF DES MOINES Read More

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