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Summit Financial Group, Inc. (SMMF)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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22.85-0.05 (-0.22%)
At close: 4:00PM EDT

Summit Financial Group, Inc.

300 North Main Street
Moorefield, WV 26836
United States
304 530 1000
http://www.summitfgi.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees415

Key Executives

NameTitlePayExercisedYear Born
Mr. H. Charles Maddy IIIVice Chairman, Pres & CEO829.09kN/A1963
Mr. Robert S. TissueExec. VP & CFO459.06kN/A1963
Mr. Scott C. JenningsExec. VP & COO459.76kN/A1961
Mr. Patrick N. FryeExec. VP & Chief of Credit Admin.420.16kN/A1959
Mr. Bradford E. RitchieExec. VP & Pres of Summit Community Bank506.19kN/A1968
Ms. Julie R. MarkwoodSr. VP & Chief Accounting OfficerN/AN/AN/A
Ms. Teresa D. ElyExec. Assistant to Pres & CEO and Director of Shareholder RelationsN/AN/AN/A
Ms. Danyl R. FreemanSr. VP & Chief HR OfficerN/AN/A1970
Ms. Patricia L. OwensExec. VP & Chief Banking OfficerN/AN/A1965
Ms. Lorraine L. BrisellMarket PresN/AN/AN/A
Amounts are as of December 31, 2020 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, and Shenandoah Valley and Southwestern regions of Virginia, and the Central region of Kentucky. The company's community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, residential real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance brokerage services. As of December 31, 2020, it operated through 43 banking offices. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

Corporate Governance

Summit Financial Group, Inc.’s ISS Governance QualityScore as of June 1, 2021 is 6. The pillar scores are Audit: 5; Board: 7; Shareholder Rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.