Santa Rosa, CA – (July 24, 2015) – Summit State Bank (NASDAQ: SSBI) received recognition as one of the Top Corporate Philanthropists in the Bay Area by the San Francisco Business Times. Summit State Bank’s donations as a percentage of profit ranked in the top 15 among the top corporations in the Bay Area. Summit State Bank was one of two Sonoma County-based companies to earn this recognition.
The award recognizes those companies that give back through innovative programs and strong commitment by its team members to make discernible and lasting differences in the communities they serve. Worldwide, the companies on the list donated more than $1.9 billion in cash in 2014.
"We are honored that Summit State Bank has been recognized as one of the top Corporate Philanthropists in the San Francisco Bay Area. We are proud to represent Sonoma County’s philanthropic spirit," said Tom Duryea, president and CEO of Summit State Bank.
Other recipients of this prestigious award were Google Inc., Intel, Oracle, Yelp, Twitter, KPMG, to name a few.
Summit State Bank, a community bank, has total assets of $474 million and total equity of $70 million at March 31, 2015. Headquartered in Sonoma County, the Bank specializes in providing exceptional services and solutions to aid in the success of local businesses and nonprofits throughout Sonoma, Napa, San Francisco, and Marin Counties. Summit State Bank received the Top Corporate Philanthropy Award from the North Bay Business Journal, and the Best of Gold Awards for the Best Company to do Business with in Sonoma County and Best Business Bank by Northbay Biz Magazine Reader’s Poll. Summit has been consistently recognized as a high performing bank by Findley Reports, and received the designation of Super Premiere Performing Bank in 2014. Summit has also received the Community Bank Award from the American Bankers Association for its nonprofit work and has been recognized as one of the North Bay’s Best Places to Work by the North Bay Business Journal. Summit State Bank’s stock is traded on the Nasdaq Global Market under the symbol SSBI. Further information can be found at www.summitstatebank.com.
President and CEO
Summit State Bank
PO Box 6188
Santa Rosa, CA 95406