Summit Bank Corporation Announces Quarterly Dividend
02 August 2005 - 10:45PM
Business Wire
Summit Bank Corporation (Nasdaq:SBGA) announced a quarterly
dividend of $.10 per share payable to all shareholders of record on
August 15, 2005, to be paid on August 25, 2005. Summit recently
announced quarterly earnings of $1.35 million for the second
quarter of 2005 compared to $1.29 million for the same period in
2004. Earnings per share (diluted) for the second quarter of 2005
were $0.24 compared to $0.23 for the second quarter last year.
Summit's earnings resulted in a return on average shareholders'
equity of 15.58% in 2005 compared to 15.38% for the same
three-month period of 2004. Total assets were $528.1 million at
June 30, 2005, up from $505.8 million at June 30, 2004. The
Company's wholly-owned subsidiary, The Summit National Bank, is an
Atlanta-based community bank with full-service operations in the
metropolitan areas of Atlanta, Georgia and the San Francisco Bay
area of California, as well as a representative office in Shanghai,
China. The Summit National Bank's niche specialties include
international trade finance, small business lending and service to
various ethnic markets, including Asian-American, European-American
and Latin-American businesses. Summit provides its diverse customer
base with a multi-lingual staff proficient in many languages.
Summit Bank Corporation stock is listed on the Nasdaq National
Market under the symbol SBGA.
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