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Home > Company Index > Banking > Banking - Southeast > Summit Financial Corporation

Summit Financial Corporation
Nasdaq (SC): SUMM
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 PROFILE
Summit Financial is the holding company for Summit National Bank, which serves individuals and small to midsized businesses from four banking offices in Greenville and Spartanburg, South Carolina. The bank offers traditional deposit services including savings, checking, and money market accounts, as well as credit cards. Commercial and residential real estate loans each account for about 35% of the bank's loan portfolio; commercial, construction, and consumer loans are also available. Subsidiary Freedom Finance (about 10% of revenues) offers small consumer loans and through 11 branches in South Carolina. Investment and brokerage services are available through subsidiary Summit Investment Services.

 COMPETITION
BB&T Corporation (BBT)
Greenville First Bancshares, Inc. (GVBK)
The South Financial Group, Inc. (TSFG)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 21.30
1-Yr. Sales Growth: 25.3%
Employees: 82
Revenue per employee: $259,756.10

 KEY PEOPLE
• J. Randolph Potter
    CEO
• Blaise B. Bettendorf
    CFO

 CONTACT INFO
937 N. Pleasantburg Dr.
Greenville, SC 29602
US
Phone: 864-242-2265
Fax: 864-240-5894
Online: Web Site

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