Summit Bank was recognized as one of the top community banks in the nation by American Banker, which covers the latest news on the banking and finance industries in the US. The publication issued a list of the Top 200 Community Banks in 2020 based on three-year return on average equity. Contributing factors to make the list include loan and deposit growth. Summit ranks number 36 out of a total of 5600 community banks across the County.
“We are excited about the solid foundation we are developing for the Bank, great new clients, additional capital and developing a wonderful team, all we achieving terrific returns,” said Craig Wanichek, president and chief executive officer. “This industry recognition coupled with the opening of our third office in downtown Portland is a credit to our clients and colleagues. Our goal is to continue to work hard to be the business bank of choice for Oregon businesses.”
Wanichek is also receiving recognition on a national level. This year, he was reappointed to the Independent Community Bankers of America (ICBA) Federal Delegate board by Chairman Rebeca Romero Rainey.
Summit Bank is a certified SBA lender. The Bank’s SBA Division is consistently recognized as one of the top SBA lenders in the State of Oregon. With offices in Bend, Eugene and downtown Portland, Summit Bank is a community bank that specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit Bank is quoted on the OTC Pink as SBKO.