North Bay Business Journal

  • Summit State Bank earnings rise 23 percent in 2011

    January 26th, 2012

    SANTA ROSA – Summit State Bank (NASDAQ: SSBI) today reported net income increased 23 percent in 2011 from 2010.

  • Summit State Bank, AltaPacific, Bank of Napa report improved earnings

    November 7th, 2011

    The most recent round of third quarter earnings reports from around the region.

  • Summit State Bank reports 26% increase in income

    October 31st, 2011

    Summit State Bank reported $409,000 in net income for the third quarter of 2011, a 26 percent increase over the same quarter last year.

  • Tom Duryea, CEO, Summit State Bank: Making the most of a very special place

    October 17th, 2011

    Increasingly, I see the more and more economic vitality from those businesses that are more lifestyle oriented. Sonoma County is becoming increasingly driven and transformed by individuals seeking a piece or being part of our unique lifestyle. Sonoma County has so much to offer, with our premium wineries, local produce and quality food, good climate and even our appealing cycling culture that is among the best of the world. Tourists are coming in increasing numbers to spend time in Sonoma County. We are attracting many who are moving here full-time to experience the bounty that makes up Sonoma County.

  • Summit State Bank second-quarter net income increases 56 percent

    July 28th, 2011

    SANTA ROSA — Summit State Bank today reported net income for the quarter ended June 30 of $790,000, or 14 cents per common share.

  • People: Week of July 25, 2011

    July 25th, 2011

    Professional and organizational people news for the north San Francisco Bay area.

  • Bankers: Regulatory expansion will drive industry consolidation

    July 11th, 2011

    SANTA ROSA — The high cost of complying with burgeoning regulation will be the cause of even more bank consolidation than has occurred as a result of the recession, experts say.

  • Banking & finance: Clairmail gains new security certification

    July 4th, 2011

    Clairmail, Inc., a mobile banking and payment solutions company, has taken its security levels up a notch with RSA Secured Partner Program. … Bank of Marin Bancorp has officially opened its Santa Rosa branch office at 50 Santa Rosa Ave. The bank had been operating a loan production office at this location since October and is now open to the public for all banking business, including ATM services. … Exchange Bank hired Robyn Hettrich as Senior Human Resources Business Partner. … Summit State Bank in Santa Rosa is now offering technology that allows customers to make deposits from anywhere and anytime with new mobile options. Checks can be deposited from most smartphones and desktop scanners. … Bank of Marin hired Kathi Metro to lead its commercial lending efforts out of the Napa office at 600 Trancas St. Ms. Metro is a longstanding member of the Napa community and a well-established banker with more than 35 years of banking experience in that market. … North Valley Bank announced that Jim Hubbell has joined its team as a mortgage loan officer in Santa Rosa. Mr. Hubbell will cover the Santa Rosa, Ukiah, Willits and Garberville communities. … Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, hired Samantha Foster as vice president, commercial relationship manager and Erick Ransome as assistant vice president and senior commercial underwriter for the bank’s Santa Rosa commercial banking center. … Rabobank, N.A. ranked highest in customer satisfaction among retail banks in California, according to a study by J.D. Power and Associates.

  • International group increases capital requirements for banks

    July 4th, 2011

    SANTA ROSA — The Basel Committee on Banking Supervision, an international forum for standardization on bank rules, has approved increasing the risk-based ratio for financial institutions from the current 8 percent to about 10.5 percent over the next several years.

  • Banking & Finance: In sharp turnaround, Sonoma Bank owner Sterling reports profit

    May 23rd, 2011

    Washington-based Sterling Financial, the owner of Sonoma Bank and whose future was uncertain just a year ago, has quickly returned to profitability. … Julie Stears has been appointed vice president and manager of Rabobank’s Napa branch. … Summit State Bank has been awarded the honor of being one of California’s “Premier” Performing Banks for 2010 by The Findley Report.

  • Summit State Bank net income $412,000

    April 28th, 2011

    SANTA ROSA — Summit State Bank reported a net income of $412,000 for the first quarter of 2011, down from the $540,000 reported at the end of the first quarter of 2010.

  • U.C. students tackling energy issues

    April 4th, 2011

    SANTA ROSA — A team of graduate students is spending the next couple of months analyzing the Summit State Bank headquarters building in northeast Santa Rosa as part of a feasibility study on a new type of renewable-energy system financing designed to lower energy costs for multitenant commercial property tenants and owners while reducing underwriting risk.

  • Spotlight: Leaders in Commercial Banking in 2011

    January 31st, 2011

    Following are many of the leading professionals in commercial lending across the North Bay. (Listed alphabetically by institution name)

  • Summit State Bank earns $1.8 million

    January 27th, 2011

    SANTA ROSA — Summit State Bank today reported $1.8 million in 2010 net income, down slightly from $2.1 million the year before.

  • After Hours: North Coast Builders Exchange Expo 2010 / Summit State Bank presentation to Elsie Allen High School

    January 10th, 2011

    Oct. 7, 2010: The North Coast Builders Exchange Construction Expo 2010 / Dec. 1, 2010: Summit State Bank presented a $2,500 check donation to the Elsie Allen High School Drama Department to help send students to a film festival in Scotland

  • Summit State Bank third-quarter net income nearly doubles

    October 29th, 2010

    SANTA ROSA — Summit State Bank reported third-quarter net income nearly doubled, and the bank declared a 9 cent-per-share quarterly dividend.

  • Bankers, accountants see pluses, minuses in small business act

    October 18th, 2010

    NORTH BAY – The passage of HR 5297, the Small Business Jobs Act, established in the Treasury the Small Business Lending Fund of $30 billion and $12 billion in tax incentives intended to spur lending and get small businesses back on their feet.

  • Banking & Finance: Bank of Napa sets milestone; Summit reports $506,000 profit

    August 16th, 2010

    Bank of Napa reported its first profitable quarter in the bank’s history with a net income in the second quarter of $57,000 compared to the second quarter loss of $136,000 in 2009.

  • Banking & Finance: Are regulators stifling local bank lending?

    July 5th, 2010

    ‘David suffering for Goliath’s sins;’ also, 2 in top Bauer rank There are two fewer locally based banks in the North Bay than there were at this time last year. Tamalpais Bank was shut down by the Federal Deposit Insurance Corp. and purchased by Union Bank. Napa Community Bank, previously under the parent company of Capitol Bancorp [...]

  • Bank earnings: Summit, Silicon Valley, AltaPacific

    May 10th, 2010

    NORTH BAY – Summit State Bank in Santa Rosa reported net income of $540,000 for the first quarter. That is a decrease of $307,000 from the $847,000 reported the same quarter last year.

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