Summit Bank Corporation Announces Quarterly Dividend

Summit Bank Corporation Announces Quarterly Dividend 


ATLANTA, Nov. 3  /PRNewswire-FirstCall/ -- Summit Bank Corporation  announced a
quarterly dividend of $.13 per share payable to all shareholders of record on
November 17, 2003, to be paid on November 24, 2003.

Summit recently announced record quarterly earnings of $1,227,000 for third
quarter 2003 compared to $1,109,000 for the same period in 2003, an increase of
11%.  Earnings per share (diluted) for third quarter 2003 were $.33 compared to
$.30 per share (diluted) for third quarter 2002.  For the nine-month period
ended September 30, 2003, Summit also reported record earnings of $3.5 million
compared to $3.0 million for the same period in 2002. Earnings per share were
$.92 for the current nine-month period compared to $.79 last year.  Earnings per
share for prior periods have been restated to reflect the November 2002,
two-for-one stock split.  Total assets grew to $456 million at September 30,
2003, an increase of 19% from September 30, 2002.

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. 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 over
20 languages.

Summit Bank Corporation stock is listed on the Nasdaq National Market under the
symbol SBGA. 

DATASOURCE: Summit Bank Corporation



CONTACT:  Gary McClung of Summit Bank Corporation, [phone]



Web site:  http://www.summitbk.com/

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