Eugene bank to split its stock

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Wednesday, March 12, 2014

Summit Bank announced a "two-for-one" stock split.

“Given Summit’s strong financial results for 2013 and the increase in our stock price, the board reviewed a number of alternatives to thank our shareholders for their support over the years,” CEO Craig Wanichek said in a prepared release.

Summit Bank previously reported a profit of $1.4 million, or $1.39 per share, for the fiscal year that ended Dec. 31. This was up 120.6 percent from 2012.

Read more at the Register-Guard

 

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