Summit Community Bank

Review, Rates and contact information

Summit Community Bank

About

Summit Financial Group, Inc. is a robust financial holding company with approximately $4.6 billion in assets, overseeing Summit Community Bank, Inc. The talented team of bankers associated with Summit Financial Group serves both commercial and individual clients across a diverse geographic footprint, including West Virginia, the Washington, D.C. metropolitan area, Virginia, Kentucky, the Eastern Shore of Maryland, and Delaware. Summit Financial Group places a strategic focus on in-market commercial lending, aiming to provide essential business banking services in dynamic markets. This approach leverages the company’s highly efficient operations and taps into the strength of core deposits in well-established and vibrant locations. The services offered span a wide range, including commercial lending, residential and consumer lending, trust and wealth management, and various retail financial services. Summit Financial Group is committed to delivering these services through modern and convenient digital and mobile banking platforms, with the website www.MySummit.bank serving as a central hub. Additionally, the company operates 54 full-service branch locations to cater to the diverse needs of its clients. Summit Financial Group, Inc. is publicly traded on the NASDAQ under the ticker symbol SMMF and is headquartered in the Eastern Panhandle of West Virginia in Moorefield. The bank’s offerings include flexible loan options, both fixed and variable rate loans, for purposes such as purchasing vehicles, equipment, or commercial real estate. Summit Community Bank, under the Summit Financial Group umbrella, also extends support for construction loans and financing for income-producing properties.

6 contacts were found in LoanBase's database

Offered Loan Program Types

Long Term Rental 1-4 Units, New Construction/Ground-Up Construction, Permanent/Long Term

Property Types

Residential (1-4 units), Multi-Family, Retail, Office, Industrial

Loan Amount

$75K - $8M

Time to close

30-60 days

Primary Areas Served

WV

Max LTV

70%

Origination Fee

1.00%

Specialty

Line of Credit (LOC)

recently closed deals

Loan date

Loan Amount

Property Subtype

Address

ZIP

8/17/2023
$206,780
Residential
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Loan date

8/17/2023

Loan Amount

$206,780

Property Subtype

Residential

Address

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To view all recent closed deals with full address

8/15/2023
$108,640
Residential
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Loan date

8/15/2023

Loan Amount

$108,640

Property Subtype

Residential

Address

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8/14/2023
$149,870
Residential
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Loan date

8/14/2023

Loan Amount

$149,870

Property Subtype

Residential

Address

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8/14/2023
$670,500
Residential
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Loan date

8/14/2023

Loan Amount

$670,500

Property Subtype

Residential

Address

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8/10/2023
$200,000
Condominium
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Loan date

8/10/2023

Loan Amount

$200,000

Property Subtype

Condominium

Address

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8/8/2023
$208,000
Residential
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Loan date

8/8/2023

Loan Amount

$208,000

Property Subtype

Residential

Address

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8/8/2023
$546,500
Single Family Residence
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Loan date

8/8/2023

Loan Amount

$546,500

Property Subtype

Single Family Residence

Address

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8/4/2023
$247,350
Residential
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Loan date

8/4/2023

Loan Amount

$247,350

Property Subtype

Residential

Address

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8/3/2023
$190,000
Condominium
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Loan date

8/3/2023

Loan Amount

$190,000

Property Subtype

Condominium

Address

***** **** **
8/3/2023
$440,300
Single Family Residence
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Loan date

8/3/2023

Loan Amount

$440,300

Property Subtype

Single Family Residence

Address

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8/1/2023
$193,907
Residential
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Loan date

8/1/2023

Loan Amount

$193,907

Property Subtype

Residential

Address

***** **** **
8/1/2023
$560,000
Residential
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Loan date

8/1/2023

Loan Amount

$560,000

Property Subtype

Residential

Address

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7/26/2251
$675,228
Industrial
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Loan date

7/26/2251

Loan Amount

$675,228

Property Subtype

Industrial

Address

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