Summit State Bank

Summit State Bank (California)is a state chartered commercial bank. It provides an array of financial services to small & medium-sized businesses, their owners & employees, entrepreneurs, high net worth families, foundations, estates and individual consumers. The firm specializes in business services, personal accounts, nonprofit programs, and mobile banking ranging from lending. checking, merchant, eBanking, automated teller machines, equity loans, and others. The company was founded on December 20, 1982 and is headquartered in Santa Rosa, CA.

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Summit State Bank engages in providing an array of financial services to small and medium-sized businesses, their owners and employees, entrepreneurs, high net worth families, foundations, estates, and individual consumers. It specializes in business services, personal accounts, nonprofit programs, and mobile banking ranging from lending, checking, merchant, eBanking, automated teller machines, equity loans, and others. The company was founded on December 20, 1982 and is headquartered in Santa Rosa, CA.

SANTA ROSA, Calif., April 27, 2021 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported record net income for the quarter ended March 31, 2021 of $3,317,000 and diluted earnings per share of $0.55. This compares to net income of $2,415,000 and diluted earnings per share of $0.40 for the quarter ended March 31, 2020. Additionally, a quarterly dividend of $0.12 per share was declared for common shareholders.

Summit State Bank Reports 37% Increase in Net Income to $3,317,000 for First Quarter 2021 and Declaration of Dividend

SANTA ROSA, Calif., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Brian Reed, President and Chief Executive Officer of Summit State Bank (NASDAQ: SSBI) has announced the promotion of Michael Castlio as its newest Executive Vice President.

Summit State Bank Promotes Michael Castlio to Executive Vice President

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SANTA ROSA, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended September 30, 2020 of $2,954,000 and diluted earnings per share of $0.49.  This compares to net income of $2,045,000 and diluted earnings per share of $0.34 for the same quarter in 2019.  Additionally, a quarterly dividend of $0.12 per share was declared for common shareholders.

Summit State Bank Reports 44% Increase in Net Income to $2,954,000 for Third Quarter 2020 and Declaration of Dividend

SANTA ROSA, Calif., July  28, 2020  (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended June 30, 2020 of $2,218,000 and diluted earnings per share of $0.37. This compares to net income of $1,172,000 and diluted earnings per share of $0.19 for the same quarter in 2019. Additionally, a quarterly dividend of $0.12 per share was declared for common shareholders.

Summit State Bank Reports $1,046,000 or 89% Increase in Net Income for Second Quarter 2020 and Declaration of Dividend

SANTA ROSA, Calif., June  08, 2020  (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) appointed Sharon Wright to its Board of Directors.  

Summit State Bank Appoints Sharon Wright, Governmental Relations and Public Affairs Consultant, to Board of Directors

SANTA ROSA, Calif., June  08, 2020  (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) Chairman of the Board, Allan J. Hemphill confirmed his retirement at today’s Board of Director’s Meeting.  Hemphill joined the Board of Directors in 1999 and had held the position of Chairman of the Board since 2011.  He continues as President of Hemphill and Associates, a winery consulting and management firm, since 1999.

Change in Leadership at Summit State Bank; Allan J. Hemphill retires, and James Brush succeeds as Chairman of the Board of Directors

SANTA ROSA, Calif., April  28, 2020  (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) President and CEO, James Brush confirmed his retirement at today’s Board of Director’s Meeting.  Brush assumed the role of President and CEO in April of 2016 and has led the Bank through its recent growth and staff expansion. He has served on the Bank’s Board of Directors since 2009 and will remain on the Board and continue to be active in Sonoma County, where he resides.

Change in Leadership at Summit State Bank; James Brush retires, and Brian Reed succeeds as President and CEO

SANTA ROSA, Calif., Jan.  29, 2020  (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) appointed Dawn Ross to its Board of Directors replacing a vacancy created by Board Member Bridget Doherty.

Summit State Bank Appoints Dawn Ross, Managing Partner at Carle, Mackie, Power & Ross LLP to Board of Directors, Replacing Outgoing Board Member Bridget Doherty

SANTA ROSA, Calif., Jan.  29, 2020  (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) President and CEO, James Brush announced his retirement as of the Annual Shareholder’s Meeting scheduled for April 27, 2020. Brush assumed the role of President and CEO in April of 2016 and has led the Bank through its recent growth and staff expansion. He has served on the Bank’s Board of Directors since 2009 and will remain on the Board and continue to be active in Sonoma County, where he resides. 

Change in Leadership at Summit State Bank; James Brush Announced His Retirement and Brian Reed to Succeed as President and CEO

SANTA ROSA, Calif., Oct.  22, 2019  (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended September 30, 2019, of $2,045,000 and diluted earnings per share of $0.34.  A quarterly dividend of $0.12 per share was declared for common shareholders.

Summit State Bank Reports 36% Increase in Net Income for Third Quarter 2019 and Declaration of Dividend

News for Summit State Bank Stock (SSBI)