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Summit State Bank reports recurring community-bank developments tied to its lending, deposit, and capital-management activities in Sonoma County, California. The bank serves individuals and businesses with deposit accounts, commercial and real estate loans, SBA lending, construction loans, home equity lines, equipment financing, and agriculture-related credit.
Company news commonly covers quarterly and annual earnings, net interest income, net interest margin, expense management, and balance-sheet strategy. Updates also address credit quality, problem-loan resolution, provisions for credit losses, nonperforming assets, other real estate owned, regulatory capital ratios, dividend decisions, and accounting items such as CECL model adoption or goodwill impairment.
Summit State Bank announces a change in the location of its 2020 Annual Meeting of Shareholders, now to be held virtually due to the COVID-19 outbreak. The meeting is scheduled for June 8, 2020, at 10:30 a.m. PST. Shareholders can join via a provided link. Shareholders need a control number to vote. Registration for those holding shares through intermediaries must be completed by May 26, 2020.
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