Summit Bank (NASDAQ:SBGA)
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From Jul 2019 to Jul 2024
Summit Bank Corporation (Nasdaq:SBGA) announced a
quarterly dividend of $.10 per share payable to all shareholders of
record on May 16, 2005, to be paid on May 26, 2005.
Summit recently announced quarterly earnings of $1,306,000 for the
first quarter of 2005 compared to $1,321,000 for the same period in
2004. Earnings per share (diluted) for the first quarters of both 2005
and 2004 were $.23 (diluted). Summit's earnings resulted in a return
on average shareholders' equity of 15.1% in 2005 compared to 15.9% for
the three-month period of 2004. Total assets were $522 million at
March 31, 2005, down 5% from year-end 2004, as a result of steps taken
to de-leverage the balance sheet.
The Company's wholly-owned subsidiary, The Summit National Bank,
is an Atlanta-based community bank with full-service operations in the
metropolitan areas of Atlanta, Georgia and the San Francisco Bay area
of California, as well as a representative office in Shanghai, China.
The Summit National Bank's niche specialties include international
trade finance, small business lending and service to various ethnic
markets, including Asian-American, European-American and
Latin-American businesses. Summit provides its diverse customer base
with a multi-lingual staff proficient in many languages.
Summit Bank Corporation stock is listed on the Nasdaq National
Market under the symbol SBGA.