BNET Industries
Last Fiscal Year Sales:$59.9M
- Public
- US
Dow Jones Description
Summit Bancshares has reached the top of the financial mountain. Founded in 1979 and headquartered in Fort Worth, TX, Summit Bancshares Inc. (NASDAQ: SBIT) is the holding company for Summit Bank. It has about 6 locations in Tarrant County, TX that offer deposit accounts, money market accounts, CDs, and standard banking products. It offers commercial loans, industrial loans, commercial real estate loans, residential mortgages, construction loans, and consumer loans. Its Summit Insurance Agency subsidiary offers property, casualty, life, health, and disability insurance. The bank had 2005 revenue of about $67.5 million and employs about 250 people. In April 2005, it acquired Dignum Financial Services of Fort Worth, TX.
Chairman, President & CEO
Philip E. NorwoodNumber of Employees 252
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
-
Summit Bancshares adds new member to board
News & Analysis
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summit bancshares inc. - All News and Analysis
Summit Bancshares, Inc. Announces Cash Dividend and Third Quarter Earnings
- 2000-09-01
OAKLAND, Calif.--BUSINESS WIRE--Oct. 30, 1998--The Board of Directors of Summit Bancshares, Inc., at a meeting held on October 21, 1998, declared a cash dividend of $.75 per share on the outstanding common stock of the Company, payable on December 4, 1998, to holders of record as of the close of...
Summit Bancshares, Inc. Announces Cash Dividend and Third Quarter Earnings
- 1999-10-26
OAKLAND, Calif.--BUSINESS WIRE--Oct. 26, 1999-- The Board of Directors of Summit Bancshares Inc., at a meeting held on October 20, 1999, declared a cash dividend of $.75 per share on the outstanding common stock of the Company, payable on December 3, 1999, to holders of record as of the...
Summit Bancshares, Inc. Announces Second Quarter Earnings Increase
- 1999-07-30
OAKLAND, Calif.--BUSINESS WIRE--July 29, 1999-- Summit Bancshares, Inc., (OTC BB:SMAL) parent company of Summit Bank announced today, that for the second quarter ending June 30, 1999 the consolidated net income for Summit Bancshares, Inc. was $446,124 ($.94 per share) compared to $436,118 ($.93 per share) for the same period...
Summit Bancshares Inc. Announces $0.75 Dividend and a 3% Increase in First Quarter Earnings
- 1999-05-03
OAKLAND, Calif.--BUSINESS WIRE--April 30, 1999-- Summit Bancshares Inc. announced at its April 21, 1999, Board Meeting that it will declare a $.75 dividend to record holders as of May 12, 1999, payable on June 10, 1999. The company also announced that for the first quarter ending March 31,...
Summit Bancshares, Inc. Announces Annual Earnings Increase 3%
- 1999-02-08
OAKLAND, Calif.--BUSINESS WIRE--Feb. 5, 1999--Summit Bancshares, Inc., parent company of Summit Bank announced today, that for the year ended December 31, 1998 the consolidated net income for Summit Bancshares, Inc. increased approximately 3% to $1,767,392 ($3.81 per share) compared to $1,708,154 ($3.72 per share) for the same period in 1997....
Summit Bancshares Inc. Announces Second Quarter Earnings Increase
- 1998-07-31
OAKLAND, Calif.--BUSINESS WIRE--July 31, 1998--Summit Bancshares Inc., parent company of Summit Bank, announced today that as of June 30, 1998 year to date profits increased 10% to $871,519 ($1.86 per share) from $794,808 ($1.72 per share) for the same period last year.For the second quarter ending June 30, 1998 the...
Summit Bancshares, Inc. Announces Semi-Annual Dividend
- 1997-04-29
OAKLAND, Calif.--BUSINESS WIRE--April 29, 1997--The Board of Directors of Summit Bancshares, Inc., at a meeting held on April 24, 1997, declared a cash dividend of $0.75 per share on the outstanding common stock of the company, payable on June 6, 1997, to shareholders of record as of the close of...
Summit Bancshares Inc. announces cash dividend and third quarter earnings
- 1996-10-18
OAKLAND, Calif.--BUSINESS WIRE--Oct. 18, 1996--The board of directors of Summit Bancshares Inc. at a meeting held on Oct. 17, 1996, declared a cash dividend of $.75 per share on the outstanding common stock of the company payable on Dec. 9, 1996 to holders of record as of the close of...
Summit Bancshares Inc. announces cash dividend
- 1996-05-06
OAKLAND, Calif.--BUSINESS WIRE--May 6, 1996--The Board of Directors of Summit Bancshares Inc. at a meeting held on April 25, 1996, declared a cash dividend of $0.75 per share on the outstanding common stock of the company payable on June 7, 1996, to shareholders of record as of the close of...
Summit Bancshares, Inc. Announces First Quarter Earnings
- 1996-04-24
OAKLAND, Calif.--BUSINESS WIRE--April 24, 1996--Summit Bancshares, Inc., parent company of Summit Bank, announced today that for the first quarter ending March 31, 1996, the consolidated net income for Summit Bancshares, Inc. increased 20.44% to $327,100 ($0.77 per share) from $271,588 ($0.60 per share) for the same period in 1995.For the...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bob G. Scott | COO, Executive Vice President, Treasurer & Secretary |
| Ben Gunn | Founder |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Philip E. Norwood | Chairman, President & CEO |
| Byron B. Searcy | Board of Directors |
| Elliott S. Garsek | Board of Directors |
| F.S. Gunn | Board of Directors |
| James L. Murray | Board of Directors |
| Jay J. Lesok | Board of Directors |
| Robert L. Herchert | Board of Directors |
| Robert P. Evans | Board of Directors |
| Roderick D. Stepp | Board of Directors |
| Ronald J. Goldman | Board of Directors |
| William W. Meadows | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Chairman, President & CEO | Current |
| Summit Bancshares Inc. | Chairman, President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | COO, Executive Vice President, Treasurer & Secretary | Current |
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Founder | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Summit Bancshares Inc. | Board of Directors | Current |
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