Summit Financial Group, Inc. Completes its Acquisition of First Century Bankshares, Inc. and Subsidiary, First Century Bank
03 April 2017 - 8:00PM
Summit Financial Group, Inc. (“Summit”) (NASDAQ:SMMF) announces
completion, effective April 1, 2017, of the acquisition by its
subsidiary Summit Community Bank, Inc. of First Century Bankshares,
Inc. and its subsidiary, First Century Bank, headquartered in
Bluefield, West Virginia.
The former First Century offices will continue to operate under
that name until close of business on Friday, April 21, 2017, and
will commence operating under the name Summit Community Bank on
Monday, April 24, 2017.
As a result of the acquisition, John H. Shott will join the
Board of Directors of each of Summit and Summit Community Bank.
About the Company
Summit Financial Group, Inc. is a $2.1 billion financial holding
company headquartered in Moorefield, West Virginia. Summit 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 thirty
banking locations. Summit also operates Summit Insurance Services,
LLC in Moorefield, West Virginia and Leesburg, Virginia.
Contact: Robert S. Tissue, Sr. Vice President & CFO
Telephone: (304) 530-0552
Email: rtissue@summitfgi.com
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