Summit Bancshares, Inc. Announces a Special Dividend

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares, Inc., at a meeting held on April 17, 2024, in recognition of the bank’s 42nd year in business, declared a one-time special cash dividend of $0.42 per share, payable on June 28, 2024, to holders of record as of the close of business on May 31, 2024.

We are especially proud of our history of success having achieved monthly profits in our second month of operation and have consistently been profitable for 500 months.

Summit Bancshares, Inc., (OTC Bulletin Board: SMAL) is the parent company of Summit Bank.

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Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares, Inc.