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About
Summit Financial Group, Inc. is a financial holding company, which engages in the provision of community banking and insurance services. It provides a wide range of community banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; letters of credit; and cash management services. It also provides commercial, commercial real estate, construction and development, residential real estate, and consumer loans. The firm operates through the Community Banking and Insurance and Financial Services segments. The Community Banking segment consists of full service banks which offer customers traditional banking products and services through various delivery channels. The Insurance and Financial Services segment consists of three insurance agency offices that sell insurance products. The company was founded on March 5, 1987 and is headquartered in Moorefield, WV. | |||
Description
Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle and South Central regions of West Virginia, and the Shenandoah Valley and Northern regions of Virginia. The company operates through two segments, Community Banking, and Insurance & Financial Services. Its community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and development, residential real estate, and consumer loans; mortgage warehouse lines of credit; letters of credit; and cash management services. The company also provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty insurance products, as well as group health and life insurance products, and consulting services. As of February 24, 2017, it operated 18 banking locations. Summit Financial Group, Inc. was founded in 1987 and is headquartered in Moorefield, West Virginia. |