Summit Bank profits rise sharply

Summit Bank profits rise sharply

Eugene-based Summit Bank reported first quarter profits up 24% from the year before, citing improvements in the local economy.

Summit is a community bank whose core market is professionals and medium-sized businesses and their owners.
“We are encouraged by indications of an improving local economy, which is resulting in stronger business loan activity,” Summit CEO Ann Marie Mehlum said in a written statement.

Read more at The Register-Guard.

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