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 FDIC data, Summit Bank increased its deposit base by $196.94 million over the past year—a 21.48% rise—making it the top performer among all banks headquartered in Oregon and Southwest Washington.
The achievement comes as Summit Bank expands its reach and services across its three key markets: Eugene & Springfield, Central Oregon, and the Portland Metro area. With a relationship-driven approach and deep local expertise, the Bank continues to attract businesses and professionals seeking a responsive and knowledgeable financial partner.
“Growth like this is only possible because our clients respond to what we do and how we do it,” said Craig Wanichek, President and CEO of Summit Bank. “Our teams are deeply connected to the communities they serve. They listen, act quickly, and take pride in helping businesses succeed. We’re honored by the trust our clients place in us every day.”
The deposit growth is part of a broader momentum trend for Summit Bank. Earlier this year, the Bank was also ranked the #1 Oregon Bank for year-over-year commercial and industrial lending growth, according to a separate list published by the Portland Business Journal. This dual recognition reflects a substantial inflow of client relationships and a robust portfolio of business lending activity.
Summit Bank’s community banking model is designed to meet the complex needs of business owners, nonprofits, and professional service providers. It offers various customized banking solutions, from treasury services to commercial lending. With total assets exceeding $1.25 billion and a growing team of 135 colleagues, the Bank continues investing in tools and talent to serve clients with care and seamless efficiency.
“Our success has always been measured in numbers and the stories behind them,” added Wanichek. “It’s the local business growing and hiring more employees because of a new loan or a new business that opens its doors with our support. It’s the nonprofit that can expand its impact because we believe in its mission. That’s what community banking is about.”
ABOUT SUMMIT BANK:
Summit Bank Group Inc., through its wholly-owned subsidiary Summit Bank, maintains offices in Eugene & Springfield, Central Oregon, and the Portland Metropolitan area, specializing in providing high-level service to professionals and medium-sized businesses and their owners. The Bank was voted for the fourth year in a row as one of Oregon’s “Top 100 Companies to Work For,” according to Oregon Business Magazine. Summit Bank was honored as “Favorite Bank” in the Eugene Register-Guard‘s annual Reader’s Choice Awards and “Best Bank” by Central Oregon’s Bend Bulletin for the past two years. Recently, Summit Bank was recognized by American Banker as one of the top 100 banks in the country, affirming its position among the elite national financial institutions. Additionally, Lane County recently named Summit Bank one of the best places for working parents. Summit Bank Group Inc. is quoted on the OTCPK under the symbol SBKO.
For more information, contact: Craig Wanichek, President & Chief Executive Officer, [email protected]