Summit Financial Group

Summit Financial Group, Inc. is a holding company, which engages in the provision of community banking and insurance services. It offers a wide range of community banking services, including demand, savings, and time deposits, commercial, real estate and consumer loans, trust and wealth management services, and cash management services. Its loan portfolio includes commercial, commercial real estate, construction and land development, residential real estate, consumer, and mortgage warehouse lines of credit. The company was founded on March 5, 1987 and is headquartered in Moorefield, WV.

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Summit Financial Group provides a range of general banking services to customers. The company designs and strategically implements professional benefits, insurance, and investment solutions that help secure a healthy financial future for its clients. The firm is a $2.94 billion financial holding company headquartered in Moorefield, West Virginia. It provides community banking services primarily in the Eastern Panhandle and Southern regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which now operates more than 40 banking locations. Deeply rooted in the communities they serve, Summit is committed to providing exceptional financial services and customer care while maintaining the traditional values that are important to their clients.

Burke & Herbert Financial Services Corp

ALEXANDRIA, Va., Oct. 2, 2023 /PRNewswire/ -- Burke & Herbert Financial Services Corp. ("Burke & Herbert") (NASDAQ: BHRB) and Summit Financial Group, Inc. ("Summit") (Nasdaq: SMMF) today announced the submission of regulatory filings related to the merger agreement between Burke & Herbert and Summit, entered into and announced on August 24, 2023.

Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Submit Filings Related to Merger Agreement

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Are Investors Undervaluing Summit Financial Group (SMMF) Right Now?

MILWAUKEE , Aug. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating Summit (Nasdaq: SMMF) for possible breaches of fiduciary duty and other violations of law in its transaction with Burke & Herbert. Click here to learn how to join the action https://www.ademilaw.com/case/summit-financial-group-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Summit Financial Group, Inc. has obtained a Fair Price in its transaction with Burke & Herbert

Summit Financial (SMMF) announces a hike of 10% in its quarterly cash dividend. This, along with share repurchases, will continue to enhance shareholders' value.

Summit Financial (SMMF) Cheers Investors By 10% Dividend Hike

MOOREFIELD, W.Va., Aug. 25, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a third quarter 2023 dividend of $0.22 per share payable on September 29, 2023 to common shareholders of record as of the close of business on September 15, 2023, representing a 10 percent increase compared to $0.20 paid in Q2 2023.

Summit Financial Group, Inc. Increases Quarterly Common Dividend 10 Percent to $0.22 Per Share

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Summit Financial Group, Inc. (NASDAQ: SMMF) to Burke & Herbert Financial Services Corp. for 0.5043 shares of Burke & Herbert common stock for each share of Summit common stock is fair to Summit shareholders. Halper Sadeh encourages Summit shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or.

SMMF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Summit Financial Group, Inc. Is Fair to Shareholders

ALEXANDRIA, Va. , Aug. 24, 2023 /PRNewswire/ -- Burke & Herbert Financial Services Corp. ("Burke & Herbert") (Nasdaq: BHRB) and Summit Financial Group, Inc. ("Summit") (Nasdaq: SMMF) today announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals valued at approximately $371.5 million or $25.20 per share of Summit common stock, based on a closing price for Burke & Herbert's common stock of $49.98 as of August 23, 2023.

Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. Announce Merger of Equals

MOOREFIELD, W. Va., July 27, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the second quarter of 2023, showcasing strong core operating performance marked by notable strength in its net interest margin.

Summit Financial Group Reports Strong Revenue Growth, Improved Net Interest Margin, Strategic Balance Sheet Expansion, and Earnings of $0.54 Per Share for Second Quarter 2023

MOOREFIELD, W.Va., May 25, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a second quarter 2023 dividend of $0.20 per share payable on June 30, 2023 to common shareholders of record as of the close of business on June 15, 2023.

Summit Financial Group, Inc. Announces Q2 Common Dividend of $0.20 Per Share

MOOREFIELD, W.V., May 12, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company”) (NASDAQ: SMMF) today announced that H. Charles Maddy, III, President and Chief Executive Officer and Robert S. Tissue, Executive Vice President and Chief Financial Officer are scheduled to participate in the D.A. Davidson 25th Annual Financial Institutions Conference in Colorado Springs, CO May 15-17, 2023.

Summit to Participate in the D.A. Davidson 25th Annual Financial Institutions Conference

PARSIPPANY, N.J.--(BUSINESS WIRE)-- #Advisors--Summit Financial Holdings (“Summit”), a top firm for values-driven independent and breakaway advisors, is expanding its regional footprint with the launch of Great Lakes Private Wealth (“Great Lakes”). Headquartered in Farmington Hills, Michigan, this newly formed independent practice is led by founder and chief investment officer Daniel P. Murphy, CFP®, who previously spent more than 10 years at Wells Fargo and more than 30 at UBS. Joining Murphy in launching.

Summit Financial Welcomes Great Lakes Private Wealth to its Expanding Advisor Network

Core Deposits and Loans increased 3.0% and 2.1%, respectively, during Q1 2023 Core Deposits and Loans increased 3.0% and 2.1%, respectively, during Q1 2023

Summit Financial Group Reports First Quarter 2023 Earnings of $1.08 Per Share, Fueled by Continued Loan and Deposit Growth, and Improved Net Interest Margin

MOOREFIELD, W.Va., April 03, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective April 1, 2023, of the acquisition of PSB Holding Corp. and its subsidiary, Provident State Bank, Inc., headquartered in Preston, Maryland.

Summit Financial Group, Inc. Completes Acquisition of PSB Holding Corp. and Subsidiary, Provident State Bank

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MOOREFIELD, W.Va., Feb. 24, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors recently declared a first quarter 2023 dividend of $0.20 per share payable on March 31, 2023 to common shareholders of record as of the close of business on March 15, 2023.

Summit Financial Group, Inc. Announces Q1 Common Dividend of $0.20 per Share

PRESTON, Md. , Jan. 27, 2023 /PRNewswire/ -- PSB Holding Corp. (OTCQX:PSBP) (the "Company"), the parent company of Provident State Bank, Inc. ("Provident" or the "Bank"), reported net income of $4.39 million ($2.87 per diluted common share) for the year ended December 31, 2022, compared to $5.28 million ($3.45 per diluted common share) for the same period of 2021.

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Summit Financial (SMMF) delivered earnings and revenue surprises of -2.52% and 0.71%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Summit Financial (SMMF) Misses Q4 Earnings and Revenue Estimates

MOOREFIELD, W.V., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the fourth quarter of 2022, including continued strong earnings on growth in loans and total revenue.

Summit Financial Group Reports Record Q4 2022 EPS of $1.16 on Continued Strong Loan Growth Resulting in 19.5 Percent Annualized Increase in TBVPS

NEW YORK , Dec. 12, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PSB Holding Corp. ("PSB Holding" or the "Company") (OTC: PSBP) in connection with the proposed merger of the Company with Summit Financial Group, Inc. ("Summit") (NASDAQ: SMMF). Under the merger agreement, the Company's shareholders will receive 1.2347 shares of Summit's common stock for each PSB Holding share, representing implied per-share consideration of $33.51 based upon Summit's 's December 9, 2022 closing price of $27.14.

SHAREHOLDER ALERT: Weiss Law Investigates PSB Holding Corp.

100% Stock-for-Stock Deal with an Aggregate Transaction Value of $53.9 Million MOOREFIELD, W.Va. AND PRESTON, Md.

SUMMIT FINANCIAL GROUP, INC. TO ACQUIRE PSB HOLDING CORP.

100% Stock-for-Stock Deal with an Aggregate Transaction Value of $53.9 Million 100% Stock-for-Stock Deal with an Aggregate Transaction Value of $53.9 Million

Summit Financial Group, Inc. to Acquire PSB Holding Corp. and Its Bank Subsidiary, Provident State Bank, Inc.

MOOREFIELD, W.V., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors today declared a fourth quarter 2022 dividend of $0.20 per share payable on December 30, 2022 to common shareholders of record as of the close of business on December 15, 2022.

News for Summit Financial Group Stock (SMMF)