Summit Bancshares, Inc. Announces a Special Dividend

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on September 18, 2024, in recognition of the bank’s 42nd year in business, declared a one-time special cash dividend of $0.31 per share, payable on October 31, 2024, to holders of record as of the close of business on October 10, 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 504 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.