Summit Community Bank Inc. Completes Its Acquisition of Four WV Eastern Panhandle Branch Banking Offices
April 24 2020 - 5:30PM
Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today
reported that its wholly-owned subsidiary, Summit Community Bank,
Inc. has completed its previously announced acquisition of four
branch banking offices of MVB Bank, Inc., a wholly-owned subsidiary
of MVB Financial Corp. (NASDAQ: MVBF) located in the Eastern
Panhandle of West Virginia. Three of the offices are in Berkeley
County (651 Foxcroft Ave., Martinsburg; 231 Aikens Center,
Martinsburg; and 5091 Gerrardstown Road, Inwood) and one is in
Jefferson County (88 Somerset Boulevard, Charles Town).
“We are excited to welcome the clients and
employees of the four former MVB Bank branches to the Summit
Community Bank team,” said Summit’s President and Chief Executive
Officer, H. Charles Maddy, III. “Summit is very excited by
the prospects from this expansion of its presence in and commitment
to the economically thriving Eastern Panhandle region,” Maddy
concluded.
About Summit Financial Group, Inc.
Summit Financial Group, Inc. is a $2.5 billion financial holding
company headquartered in Moorefield, West Virginia. Summit provides
community banking services primarily in the Eastern Panhandle,
Southern and North Central regions of West Virginia and the
Northern, Shenandoah Valley and Southwestern regions of Virginia,
through its bank subsidiary, Summit Community Bank, Inc., which
operates thirty-nine banking locations.
Contact: |
|
Robert S. Tissue, Executive Vice President & CFO |
Telephone: |
|
(304) 530-0552 |
Email: |
|
rtissue@summitfgi.com |
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