5-Star
SummitOnLine

  

Offices of Summit State Bank

Since 1984, Summit State Bank has maintained a tradition of quality customer service for residents and businesses throughout Sonoma County and the North Bay communities. More...

HIGHEST RATING OF 5-STAR "SUPERIOR" AWARDED AGAIN TO SUMMIT STATE BANK

In June 2009, and for the fifth consecutive quarter, Summit State Bank received the Bauer Financial 5-Star Superior rating. Summit State Bank is the only Sonoma County-based bank to achieve this highest rating during 2009. The 5-Star Superior rating places the bank in the top tier of all financial institutions nationwide.

Bauer Financial is the premier bank rating benchmark for the banking industry. By analyzing, comparing and reporting the financial condition of the Nation's banks over the last 25 years, Bauer Financial is the source for unbiased, independent bank ratings. Bauer Financial evaluates financial institutions based on their reserve capital levels, profitability/loss trends, loan and investment portfolio performance, regulatory compliance and FDIC's Community Reinvestment Act (CRA) rating. So that consumers may compare individual banks on a common scale, a "Star Rating" is assigned, driven by the safety, soundness and performance of the bank. Learn more about bank ratings at Bauer Financial.

It's also reassuring to know that our FDIC Community Reinvestment Act (CRA) rating is the highest level on the FDIC's scale. Enacted by Congress in 1977, the Community Reinvestment Act encourages depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. Summit State Bank's "Outstanding" rating is confirmation of our long-standing commitment to all the members of our community.