Summit Bank reports steep increase

| Print |  Email
Must Reads
Friday, January 27, 2012

Eugene's Summit Bank reported an 81% increase in profits in 2011.

 

Several things contributed to the higher profits, bank officials explained, including cutting the bank’s expenses, reducing its losses on loans, and earning higher interest income.
During the course of the year, Summit was able to lower its operating expenses by $60,000 through various cost-cutting initiatives, according to bank officials.
The bank also has been working to resolve real estate loans it has made that have gotten into trouble, with the result that losses from loans that have gone sour have come down and the overall quality of the bank’s assets have gone up, bank officials said.

Read more at The Register-Guard.

{biztweet}summit bank{/biztweet}

 

 

More Articles

Downtime with John Helmick

June 2015
Tuesday, May 26, 2015
BY JACOB PALMER

Live, Work, Play: CEO of Gorilla Capital.


Read more...

Hall of Flame

June 2015
Friday, May 22, 2015
BY JACOB PALMER

A Power Lunch at Oswego Grill.


Read more...

Up in the Air

June 2015
Friday, May 22, 2015
BY ANNIE ELLISON

Portland tech veteran Ben Berry is leaving his post as Portland’s chief technology officer for a full-time role producing unmanned aerial vehicles (UAVs) aimed at first responders and the military. Berry’s AirShip Technologies Group is poised to be on the ground floor of an industry that will supply drones to as many as 100,000 police, fire and emergency agencies nationwide. He reveals the plan for takeoff.


Read more...

Queen of Resilience

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Astrid Scholz scales up sustainability.


Read more...

No Boundaries

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Floor plans embrace the great wide open.


Read more...

The Green Paradox

June 2015
Friday, May 22, 2015
BY EMILY LIEDEL

Inside the topsy-turvy world of corporate sustainability rankings.


Read more...

Fixing Oregon’s broken roads

The Latest
Tuesday, June 09, 2015
RUCCostComparison rev4-30BY KIM MOORE | RESEARCH EDITOR

The technology at the center of Oregon’s road usage fee reform.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS