March 31 – Summit Bank (OTC Pink: SBKO) was recently named as one of the top performing community banks in the Country, in the report released from S&P Global Market Intelligence. The report ranked all community banks under 1 billion in assets. Summit Bank ranked number 78, which put the Bank in the top 2% of the nearly 4,600 community banks headquartered across the Country. Summit was also the highest rated of the three community banks headquartered in the Northwest to make the list.
S&P Global Market Intelligence calculates the scores for each company based on six metrics that focus on profitability, asset quality and growth for the 12-month period that ended on December 31, 2016.
“We are honored to be included on this list for the third straight year,” said Craig Wanichek, President & CEO of Summit Bank. “It is terrific to be in the 98th percentile of all community banks based on the measures of financial performance, asset quality and growth.”
With offices in Eugene and Bend, Summit Bank is a business bank that specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. Summit is the number one community bank lender in Oregon for SBA Financing. Summit Bank is designated this year as a 100 Best Company to Work for in Oregon, according to Oregon Business Magazine.