Welcome to our dedicated page for Summit Bncsh Ca news (Ticker: SMAL), a resource for investors and traders seeking the latest updates and insights on Summit Bncsh Ca stock.
Summit Bancshares, Inc. (SMAL) is the parent company of Summit Bank, a commercial bank with full service branches in Oakland, Walnut Creek, and Emeryville. This news page focuses on official announcements from the company, giving investors and observers a centralized view of how Summit Bancshares, Inc. communicates its banking operations and corporate decisions.
Recent news releases emphasize the company’s long operating history, with references to the bank’s 42nd and 43rd year in business and a record of achieving monthly profits beginning in its second month of operation. The company highlights that it has remained profitable for hundreds of consecutive months, as stated in its dividend announcements. These details appear in the context of regular updates on dividends and performance.
A major theme in Summit Bancshares, Inc. news is its dividend activity. The Board of Directors has declared quarterly cash dividends and multiple special one-time cash dividends, some paid in lieu of normal quarterly dividends. These announcements specify record dates and payment dates and often link special dividends to milestones in the bank’s history.
News items also cover governance developments, such as the appointment of Denise Dodini to the Board of Directors, reflecting continuity with leaders who have long experience at Summit Bank. In addition, the company has described factors behind changes in earnings, including contributions from investments like Due from Time and excess reserves with the Federal Reserve and from loan growth.
By following this news feed, readers can review Summit Bancshares, Inc.’s own descriptions of its profitability record, dividend decisions, and board-level changes as they are released.
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The Board of Directors of Summit Bancshares (OTC-PINK: SMAL) announced a quarterly cash dividend of $0.10 per share on January 18, 2023. This dividend is payable on March 15, 2023, to shareholders on record as of the close of business on February 22, 2023. This action reflects the company's ongoing commitment to returning value to its shareholders.
Summit Bancshares, Inc. announced a special cash dividend of
The announcement highlights the company's commitment to returning value to its shareholders while celebrating its long-standing presence in the banking sector.
Summit Bancshares, Inc. has announced the appointment of Nancy E. O’Malley to its Board of Directors. O'Malley, formerly the Alameda County District Attorney, brings extensive experience, particularly in issues regarding violence against women and vulnerable populations. Her leadership in establishing the Alameda County Family Justice Center marks a significant contribution to community welfare. Executive Chairman Shirley Nelson expressed enthusiasm for O'Malley's appointment, emphasizing shared values in serving the community. O'Malley stated her honor in joining the board and her commitment to enhancing customer service at Summit Bank.
The Board of Directors of Summit Bancshares Inc. (OTC-PINK:SMAL) declared a quarterly cash dividend of $0.10 per share on October 19, 2022. This dividend is payable on December 15, 2022, to shareholders on record as of November 23, 2022. The total dividend for 2022 amounts to $0.40 per share.
The Board of Directors of Summit Bancshares Inc. (OTC-PINK: SMAL) declared a quarterly cash dividend of $0.10 per share. This dividend will be payable on September 15, 2022, to shareholders on record as of August 25, 2022. The announcement highlights the company's commitment to returning value to its shareholders amid its continued operations as the parent company of Summit Bank.