BNET Industries
Last Fiscal Year Sales:$103.7M
- Private
- US
Dow Jones Description
Summit Financial Group, Inc. (?Company? or ?Summit?) is a $889 million financial holding company headquartered in Moorefield, West Virginia. We operate two business segments, community banking and mortgage banking. Our community banking segment provides commercial and retail banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Northern region of Virginia. We provide these services through our two community bank subsidiaries: Summit Community Bank (?Summit Community?), and Shenandoah Valley National Bank (?Shenandoah?) (collectively, the ?Bank Subsidiaries?). Summit Financial, LLC (?SFLLC?), our mortgage banking segment, originates loans to customers throughout the United States from its headquarters in Herndon, Virginia. We also operate Summit Insurance Services, LLC in Moorefield, West Virginia. Our segmented financial information for 2004, 2003, and 2002 is set forth in the tables in Note 18 of the notes of the accompanying consolidated financial statements and a discussion of this information is in the Management?s Discussion and Analysis section of our 2004 annual report and is incorporated herein by reference.
Director, President and Chief Executive Officer
Carroll E. AmosNumber of Employees 238
Contact Information
300 N Main St PO Box 179
Moorefield, West Virginia 26836
(304) 530-1000
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Summit Financial Group Turns To Profit In Q3 - Quick Facts
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Summit Financial Group Reports Second Quarter 2009 Results
News & Analysis
Filter by
income and summit financial group inc. - All News and Analysis
Summit Financial Group Reports Record Third Quarter and Year-to-Date Earnings; Assets Surpass $1 Billion
- 2005-10-19
MOOREFIELD, W.Va. -- Summit Financial Group, Inc. (NASDAQ: SMMF) today reported third quarter 2005 net income of $3.3 million, an increase of 4.7 percent from the $3.1 million reported for the third quarter of 2004. Diluted earnings per share were $0.45 compared with $0.44 for the prior-year quarter, up 2.3...
Summit Financial Group Reports 16.5% Increase in Q2 Net Income
- 2005-07-20
MOOREFIELD, W.Va. -- Summit Financial Group, Inc. (NASDAQ: SMMF) today reported second quarter 2005 net income of $3.1 million, an increase of 16.5 percent from the $2.7 million reported for the second quarter of 2004. Diluted earnings per share were $0.43 compared with $0.38 for the prior-year quarter, up 13.2...
Summit Financial Group Reports First Quarter EPS of $0.34
- 2005-04-20
MOOREFIELD, W.Va. -- Summit Financial Group, Inc. (NASDAQ: SMMF) today reported first quarter 2005 net income of $2.4 million, or $0.34 per diluted share, compared with $2.5 million or $0.35 per diluted share for the first quarter of 2004. First quarter 2005 earnings were virtually unchanged from the prior-year quarter;...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Carroll E. Amos | Director, President and Chief Executive Officer |
| Ronald F. Miller | President, Subsidiary Bank |
| David E. Ritter | Senior Vice President and Chief Financial Officer |
| Douglas Mitchell | Senior Vice President & Chief Banking Officer |
| Julie R. Cook | Chief Accounting Officer & Vice President |
| Patrick N. Frye | Senior Vice President & Chief Credit Officer |
| Robert S. Tissue | Cfo & Senior Vice President |
| Scott C. Jennings | Coo & Senior Vice President |
| John Patterson | Senior Vice President |
| Nestor Sabundayo | Senior Vice President |
| Mark Harrison | Vice President |
| Ed Grogan | Founder |
| Scott T. Moffitt | Co-Founder |
| Ken Ponelli | Owner |
| Michael Alessi | Marketing Coordinator |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| C David Robertson | Co-Chairman of Subsidiary Bank |
| Charles W. Calomiris | Director, Chairman of The Board of Directors |
| Thomas J. Hawse III | Chairman |
| Charles S. Piccirillo | Board of Directors |
| Dewey F. Bensenhaver | Board of Directors |
| Duke A. McDaniel | Board of Directors |
| Frank A. Baer | Board of Directors |
| Gary L. Hinkle | Board of Directors |
| George R. Ours | Vice Chairman |
| Gerald W. Huffman | Board of Directors |
| James B. Vito | Board of Directors |
| James M. Cookman | Board of Directors |
| James Paul Geary | Board of Directors |
| Jeffrey W. Ochsman | Board of Directors |
| John W. Crites | Board of Directors |
| Phoebe Fisher Heishman | Board of Directors |
| Phoebe Fisher Heishman | Board of Directors |
| Sidney M. Bresler | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Director, President and Chief Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | President, Subsidiary Bank | Current |
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Senior Vice President and Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Senior Vice President & Chief Banking Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Chief Accounting Officer & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Senior Vice President & Chief Credit Officer | Current |
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Cfo & Senior Vice President | Current |
| Summit Financial Group, Inc. | Vice President & CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Coo & Senior Vice President | Current |
John started this new career in 2003 to help professionals and others retire on their own terms. During forty years in dentistry he received distinguished service awards from two organizations. Concurrently, he completed an MBA program and a certificate in investments in anticipation of his current endeavor in financial services. His duties include strategic planning, marketing and personnel development with the firm. John's work with clients runs the gamut from helping people build and manage wealth to protecting and transferring wealth. He lives in Baltimore City with his wife, Dr. Eleanor Henry and has two children and two grandchildren.
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Senior Vice President | Current |
Nestor began his current career in financial services in 1984 after ten years as a banker. He started as a financial analyst with a large multi-national bank and rose to Division Manager/Vice President. Nestor started with Summit Financial Group in 1993. His duties involve providing clients with expertise in the areas of retirement, estate, investment and business planning. In 2002, Nestor was honored as one of "Twenty Outstanding Filipino-Americans" in the U.S. and Canada. His civic/charitable works include the Asian Arts Center of Towson University, the Diversity Advisory Council of Baltimore County, the Knights of Columbus, Katipunan and the Foundation for Aid to Philippines. He and his wife Maria, live in Catonsville.
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Senior Vice President | Current |
| Summit Financial Group, Inc. | Financial Analyst | Former |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Vice President | Current |
| Haynes & Moore, LLC | Partner | Current |
| West Rome United Methodist Church | Treasurer | Current |
| Georgia Society of Cpas | President | Former |
| Summit Financial Group, Inc. | Secretary, Treasurer | Former |
| University of Tennessee at Chattanooga | Bs In Accounting | Former |
Ed Grogan - Ed Grogan, CFP, ChFC, CLU is the founder and President of Summit Financial Group. Ed and his firm have been recognized in Forbes magazine, Seattle Magazine and Seattle Business Magazine as a ?top wealth manager? and as a ?most dependable wealth manager.?
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Founder | Current |
| Summit Financial Group, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Co-Founder | Current |
| Elder Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Owner | Current |
Michael received his Bachelor's Degree in Business Systems from Villa Julie College and earned his Master's Degree, in Human Resource Development from Towson University. Michael's areas of expertise include direct-marketing, advertising, and creative design. He also focuses on financial research, presentation layout, and strategic implementation. Outside of the office, Michael actively spends time playing Soccer and Tennis.
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Marketing Coordinator | Current |
| Towson University | Master's | Former |
| Villa Julie College | Bachelor's Degree In Business Systems | Former |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Co-Chairman of Subsidiary Bank | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Director, Chairman of The Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Chairman | Current |
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Vice Chairman | Current |
| Summit Financial Group, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Financial Group, Inc. | Board of Directors | Current |
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