Founded in 2004, Summit Bank is an independent community bank headquartered in Eugene, Oregon. Our mission is to serve the banking and financial needs of local businesses, non-profits, professionals and individuals with a level of highly personalized, innovative, responsive and technologically advanced customer service.
Summit Bank began serving the needs of local businesses and clients in 2004 as the first independent community bank to open in the Eugene/ Springfield area in over 25 years. The genesis of the Bank followed after multiple mergers left local business owners and professionals lacking the personalized service and professional banking long associated with locally founded and focused financial institutions. Similar events unfolded in Central Oregon leaving that community without a local community bank. To fill this void, Summit Bank opened an office in Bend in 2015 with a local banking team to meet the needs of business owners and professionals in the Central Oregon market.
The board of directors is comprised of highly successful community members. It is their commitment together with the drive and passion of the Bank management and associates that has been instrumental in Summit’s success over its 11 year history. Summit’s decision to ensure the Bank’s loan portfolio is well diversified with clients well-known to the Bank helped Summit avoid serious difficulty during the recession of 2008-09 and its aftermath. During that period approximately 40% of the banks chartered nationwide in 2004 failed. The Bank’s asset growth (all organic) was measured and steady during its formative years. In recent years, the Bank has benefited from improving economic conditions and strong client relationships. Consolidations within the banking industry has fueled organic growth as clients move their banking relationship to Summit Bank.
Since its founding in 2004, Summit Bank has grown to over $340 million in assets. Summit’s mission is to be the best community bank for businesses and professionals – the best for our clients, colleagues and shareholders. Our vision is to be the best and to exceed expectations by providing innovative solutions delivered with consistent, competent, personal service that instills confidence in our clients and colleagues. Our goal is to be the preferred place to bank and to work. The Bank’s core model centers around a team of responsive, dedicated, passionate and committed financial professionals enabling clients to reach their personal and professional goals. The Bank offers a full line of deposit and lending products with Business Client Advisors that are experienced in commercial real estate, commercial & industrial and consumer loans and financial products. Please stop by the Bank’s office, located at 96 East Broadway in downtown Eugene, or our Central Oregon location at 560 SW Columbia Street in Bend, to discuss with one of our Advisors how we might assist your business and personal financial needs.