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Summit State Bank will never phone, text or email you to request private information such as account number, social security number, card number, or password. Do not respond to requests for such information.

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News & Stories

Summit State Bank is recognized by NorthBay Biz with their 2024 Hall of Fame Award

Summit State Bank is thrilled to be included in the NorthBay Biz inaugural Hall of Fame class. This prestigious honor went to only 15 local businesses and was given to those who have won their ‘Best of the North Bay’ readers’ poll award more than 15 times. Since launching the award program in 2002, some businesses have consistently proven to be reader favorites. Winning consistently is difficult and rare—and achieved only by the best in their respective fields.

 

Michael Floyd - Executive Vice President and Chief Credit Officer

Summit State Bank Welcomes Michael Floyd as Executive Vice President and Chief Credit Officer

Summit State Bank welcomes Michael Floyd as Executive Vice President and Chief Credit Officer. With over 40 years in community banking, Floyd's expertise will boost the bank's loan portfolio growth. Previously, he held senior roles at Bank of the Sierra, Technology Credit Union, and Montecito Bank and Trust.

Summit State Bank Contributes $608,000 to Sonoma County Nonprofits

Summit State Bank has donated $608,000 to 240 nonprofits through its Nonprofit Partner Program, in addition to $5.8 million since 2009. The bank also hosts the North Bay Nonprofit Event annually to support the nonprofit community. Brian Reed, President and CEO, emphasizes their commitment to community reinvestment, with recipients including Community Child Care Council (4C's) and Petaluma Health Center.

Building of Summit State Bank in Santa Rosa, California

Summit State Bank Reports Net Income of $1.4 Million for First Quarter 2024

Summit State Bank's first-quarter net income decreased from $4.12 million in 2023 to $1.40 million in 2024, with earnings per share dropping from $0.62 to $0.21. Despite this, the Board declared a $0.12 per share dividend for common shareholders, marking the eighty-second consecutive quarterly dividend. CEO Brian Reed attributed the earnings decline to industry challenges, including competition for deposits and high funding costs.