Summit Bancshares Declares Cash Dividend

Summit Bancshares Declares Cash Dividend 


FORT WORTH, Texas, Jan. 20  /PRNewswire-FirstCall/ -- Summit Bancshares, Inc.
(NASDAQ:SBIT), today announced that its Board of Directors declared a quarterly
dividend of $.07 per share of common stock.  Annualized, this represents a
dividend payout of $.28 per share.  Also, this dividend rate reflects the two
for one stock split that was effective December 31, 2004. The dividend will be
paid on February 14, 2005 to shareholders of record on January 28, 2005.

Summit Bancshares is a community oriented bank holding company with one banking
subsidiary -- Summit Bank, N.A. and assets of $989 million.  The bank is
engaged in full-service commercial and consumer banking in Tarrant County with
twelve offices.  Summit Bancshares is publicly-traded on the Nasdaq National
Market System and listed under the symbol "SBIT".  For more information on
Summit Bancshares, please visit the Company's website at
http://www.summitbank.net/ .

Certain statements contained in this press release that are not historical in
nature, including statements regarding the Company's and/or management's
intentions, strategies, beliefs, expectations, representations, plans,
projections, or predictions of the future, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 and
are intended to be covered by the safe harbor provisions for forward-looking
statements contained in such Act.  We are including this statement for purposes
of invoking these safe harbor provisions.  Forward-looking statements are based
on assumptions involving certain known and unknown risks and uncertainties,
many of which are beyond the Company's control, and other important factors
that could cause actual results, performance or achievements to differ
materially from the expectations expressed or implied by such forward-looking
statements.  These risks and uncertainties are listed from time to time in the
Company's filings with the Securities and Exchange Commission, including but
not limited to, those set forth under the heading "Factors That May Affect
Future Results" in the Company's Annual Report on Form 10-K for the year ended
December 31, 2003. 

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DATASOURCE: Summit Bancshares, Inc.



CONTACT:  Bob G. Scott of Summit Bancshares, Inc., [phone]



Web site:  http://www.summitbank.net/ 

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