Summit Bank Group Inc Stock Price, News & Analysis

Summit Bank (OTCID: SBKO) announced on October 17, 2025 two hires for its Eugene & Springfield team: Jamie Louie-Smith as Senior Vice President, Business Client Advisor and Heather Gabbert as Vice President, Market Development Officer.

Louie-Smith brings experience in banking for healthcare, nonprofit, and affordable housing and holds community roles including Board Treasurer at Lane Community Health Council. Gabbert has over a decade in relationship banking, branch leadership, and operations and serves on local nonprofit boards and committees.

Company leaders said the hires strengthen local decision-making and client access to bankers familiar with Lane County needs.

Summit Bank (SBKO) has been awarded the American Bankers Association's 2025 Brand Slam award for "Out-of-the-Box Idea" for their innovative Summit House campaign. The recognition was presented at the ABA Bank Marketing Conference in New Orleans, where Summit Bank was among six banks nationwide honored for exceptional marketing achievements.

The Summit House campaign, a 3.5-minute film, creatively blends local nostalgia with cinematic storytelling, drawing inspiration from the University of Oregon's "Shout" commercial and the film Animal House. The campaign uniquely features actual Summit Bank clients, business owners, and colleagues, emphasizing the bank's commitment to authentic community relationships.

Summit Bank (SBKO) has appointed John Stirek to its Board of Directors following regulatory approval on September 2, 2025. Stirek, a seasoned business executive, brings extensive experience from his previous roles at Trammell Crow Company/CBRE, where he served as president of Western Operations and Capital Markets, COO, and national director of development and investment.

Stirek's credentials include co-founding Rogue Venture Partners and serving on various corporate and community boards. He holds a B.S. in accounting from Oregon State University and an MBA from Harvard Business School. The appointment aligns with Summit Bank's growth initiatives, particularly in the Portland market, where his real estate and operational expertise will contribute to oversight of growth, risk, and long-range planning.

Summit Bank Group (OTC Pink: SBKO) reported strong Q2 2025 financial results, with net income reaching $3.33 million ($0.42 per diluted share), marking a 22.1% increase from Q2 2024. The bank demonstrated robust growth with net interest income rising 14.5% year-over-year to $1.77 million.

Key metrics include year-over-year net loan growth of $86.1 million (8.4%) and deposit growth of $80.1 million (7.8%). The bank maintains a strong liquidity position with cash and securities totaling $131.6 million, representing 10.5% of assets. Total shareholders' equity increased by 14.1% to $115.8 million, while non-performing assets decreased to just 0.04% of total assets.

Summit Bank (OTCPK:SBKO) has announced the appointment of Max Williams to its Portland Metro Advisory Board. Williams brings significant leadership experience, having previously served as President and CEO of the Oregon Community Foundation, where he expanded total assets from $1.2 billion to $3.7 billion.

The advisory board includes distinguished leaders from various sectors including accounting, insurance, commercial real estate, staffing, healthcare, and development. Summit Bank maintains offices in Eugene, Bend, Redmond, and Portland, focusing on serving professionals and medium-sized businesses.

The bank has received multiple recognitions, including being named among Oregon's "Top 100 Companies to Work For" for four consecutive years and being recognized by American Banker as one of the top 100 banks nationally.

Summit Bank (OTCPK:SBKO) has appointed Max Williams to its Portland Metro Advisory Board, bringing significant leadership experience to strengthen the bank's regional presence. Williams, former President and CEO of the Oregon Community Foundation, led that organization to substantial growth, increasing assets from $1.2 billion to $3.7 billion and establishing it among the top 10 community foundations nationally.

The appointment adds to Summit Bank's distinguished Portland Advisory Board, which includes leaders from various sectors including accounting, insurance, commercial real estate, staffing, healthcare, and development. Summit Bank has received multiple recognitions, including being named among Oregon's "Top 100 Companies to Work For" for four consecutive years and being recognized by American Banker as one of the country's top 100 banks.

Summit Bank Group (SBKO) reported strong Q1 2025 financial results with net income of $2.93 million ($0.37 per diluted share), marking a 20.2% increase from Q1 2024's $2.42 million. The bank demonstrated robust growth with:

- Net Interest Income up 11.4% ($1.38 million increase)
- Year-over-year loan growth of $93.4 million (9.6%)
- Deposit growth of $118.1 million (11.6%)
- Total shareholders' equity increased by $13.9 million (14.2%)

The bank maintains a strong liquidity position with $189.5 million in cash and securities (14.8% of assets). Non-performing assets decreased from 0.20% to 0.10% of total assets during Q1 2025. Return on average equity was 10.5% for Q1 and 11.2% for the trailing four quarters. The net interest margin slightly decreased from 4.69% to 4.64% year-over-year.

Summit Bank (SBKO) has appointed Steve Ritchie, CPA, CFE, and Managing Partner at Kernutt Stokes, to its Eugene & Springfield Advisory Board. Ritchie brings over 20 years of industry experience and currently oversees strategic planning, staff development, advanced technology initiatives, and client service at Kernutt Stokes, where he became Managing Partner in 2017.

Recognized by Forbes as one of America's Top 200 CPAs, Ritchie holds certifications as a Certified Public Accountant, Certified Fraud Examiner, and the Uniform Investment Advisor Series 65 license. He is a University of Oregon graduate with a Bachelor of Science in Accounting and Finance, and maintains active memberships in several professional organizations.

Craig Wanichek, President & CEO of Summit Bank, emphasized that Ritchie's expertise and community commitment will support the bank's growth and local business service initiatives. Jenny Bennett, Market President for Eugene & Springfield, highlighted Ritchie's strategic thinking and client service capabilities as valuable assets for the advisory board.