Press Release

Summit Bank Announces Ann Marie Mehlum Has Joined the Board of Directors

Company Release - 8/23/2017 9:00 AM ET

EUGENE, Ore.--(BUSINESS WIRE)-- (OTCBB: SBKO) Paul Weinhold, Chair of the Summit Bank Board of Directors, today announced that Ann Marie Mehlum will re-join the board of directors of Summit Bank.

“As a former director and founding President & Chief Executive Officer of Summit Bank, Ann Marie brings institutional knowledge, outstanding leadership and banking expertise to our board of directors,” said Weinhold. “She has been a valued member of many successful executive teams and is a respected advisor on operating and strategic issues. Her experience in commercial lending, community banking and, most recently, federal agency administration will strengthen Summit Bank’s board.”

In her recent role as Associate Administrator of Capital Access at the U.S. Small Business Administration, Mehlum oversaw SBA programs that provide access to capital for American small businesses and a portfolio that exceeded $100 billion. A champion of underserved businesses, she increased access to capital by streamlining the Agency’s guarantee process and attracting new lending partners into the SBA network.

Along with her experience at the U.S. Small Business Administration in Washington D.C., Mehlum has three decades of community banking experience that include the founding of Summit Bank. She has also held numerous board leadership positions, and served on the FDIC Community Bank Advisory Council, the Oregon Bankers Association and the Treasury CDFI Advisory Board. Locally, she has served on many non-profit boards including the United Way of Lane County and the Eugene Area Chamber of Commerce. In 2015, she was inducted into the State of Oregon Bankers Hall of Fame for lifetime contributions to the banking industry. Mehlum received her MBA in finance from the University of California at Berkeley.

With offices in Eugene and Bend, Summit Bank is a community bank that specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO. Summit is the number one community bank lender in Oregon for SBA Financing. Summit Bank is designated this year as a 100 Best Company to Work for in Oregon, according to Oregon Business Magazine.

Summit Bank
Craig Wanichek, 541-684-7500
President & Chief Executive Officer

Source: Summit Bank