OAKLAND, Calif.--(BUSINESS WIRE)--Nov. 4, 2024-- The Board of Directors of Summit Bancshares, Inc., at a meeting held on October 16, 2024, in recognition of the bank’s 42nd year in business, declared a special cash dividend of $0.42 per share, payable on December 13th, 2024, to holders of record as of the close of business on November 22nd, 2024.

We are especially proud of our history of success, having achieved monthly profits in our second month of operation, and have consistently been profitable for 506 months.

Summit Bancshares, Inc. (OTC Bulletin Board: SMAL) is the parent company of Summit Bank.

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Shirley W. Nelson
(510) 839-8800

Source: Summit Bancshares Inc.