Summit Financial Group Overview
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Summit Financial Group overview
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 and South Central regions of West Virginia and the Shenandoah Valley, and Northern regions of Virginia. The company operates through two segments, Community Banking, and Insurance & Financial Services. Its community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and development, residential real estate, and consumer loans; mortgage warehouse lines of credit; letters of credit; and cash management services. The company also provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty insurance products, as well as group health and life insurance products, and consulting services. As of February 24, 2017, it operated 18 banking locations. Summit Financial Group, Inc. was founded in 1987 and is headquartered in Moorefield, West Virginia.
Industry
Finance
Revenue
$68.7M
Employees
251
Founded in
1987
Headquarters
Moorefield, WV
Website
summitfgi.com
Organization Type
Public
Is This Your Company?
The team at Summit Financial Group
Key People
- Oscar Bean (Director)
- James Cookman (Director)
- Gary Hinkle (Director)
- Bradford Ritchie (Executive Officer)
- Iii Thomas Hawse (Director)
- Phoebe Heishman (Director)
- Iii Charles Maddy (Executive Officer, Director)
- John Crites (Director)
- Julie Cook (Executive Officer)
- Charles Piccirillo (Director)
- Gerald Huffman (Director)
- Ii James Geary (Director)
- Duke McDaniel (Director)
- Robert Tissue (Executive Officer)
- Dewey Bensenhaver (Director)
- Scott Jennings (Executive Officer)
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Summit Financial Group Rankings
Summit Financial Group is ranked #13 on the Best Companies to Work For in West Virginia list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
- #13 in Best Companies to Work For in West Virginia
- #2 in Best Finance Companies to Work For in West Virginia
- #64 in Biggest Companies in West Virginia
Read more about how we rank companies.
Summit Financial Group Salaries
How much does Summit Financial Group pay?
The national average salary for a Summit Financial Group employee in the United States is $46,647 per year. Employees in the top 10 percent can make over $98,000 per year, while employees at the bottom 10 percent earn less than $22,000 per year.High Paying Jobs
Highest Paying Location
Summit Financial Group Salaries By Job Title
While Summit Financial Group employees earn an average yearly salary of $46,647, different roles can command different wages. The higher paying positions at Summit Financial Group include Funding Specialist, Commodity Broker, Underwriter, and Senior Accountant. A typical Funding Specialist salary at Summit Financial Group is $82,715. Some of the other roles at Summit Financial Group are Cashier and Telemarketing Agent. A worker with the title Cashier at Summit Financial Group earns an average salary of $21,508 per year.
Title
Average
$80,049
$67,046
Summit Financial Group careers
On average, employees at Summit Financial Group stay with the company for 2.5 years. Employees most commonly join Summit Financial Group after leaving HSBC North America Holdings. When they leave Summit Financial Group, they most frequently get their next job at Bank of America.
| Average Length of Employment | |
|---|---|
Summit Financial Resources2.7 years | |
Summit Financial Group 2.5 years | |
Nelnet2.4 years | |
MSA Solutions1.7 years | |
| Top Employers Before Summit Financial Group | |
Bank of America8.7 % | |
Thomson Reuters8.7 % | |
MetLife8.7 % | |
| Show More | |
| Top Employers After Summit Financial Group | |
Bank of America8.5 % | |
Johnson Controls6.4 % | |
Holiday Inn Express6.4 % | |
| Show More |
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Summit Financial Group Financial Performance
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.
Revenue
$10M - $100M
Founded in
1987
Organization type
Public
Summit Financial Group Financing Rounds
| Date | Amount | Security Type |
|---|---|---|
Dec 4, 2014Equity Dec 4, 2014 | $10,327,086 $10,327,086 | Equity Equity |
Aug 7, 2009Equity Aug 7, 2009 | $10,000,000 $10,000,000 | Equity Equity |
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Summit Financial Group Competitors
Competitors of Summit Financial Group include WM Financial Services, World Business Lenders, and Equitable Bank - Nebraska. The average salaries at WM Financial Services rank the highest, with their employees earning an average salary of $74,829 per year. The salaries at World Business Lenders average $68,397 per year, and the salaries at Equitable Bank - Nebraska come in at $66,283 per year.
Company
Average Salary
Speedy Cash
Speedy Cash
$65,221
$54,404
$46,683
$44,962
Frequently Asked Questions about Summit Financial Group
When was Summit Financial Group founded?
Summit Financial Group was founded in 1987.
How many Employees does Summit Financial Group have?
Summit Financial Group has 251 employees.
How much money does Summit Financial Group make?
Summit Financial Group generates $68.7M in revenue.
What industry is Summit Financial Group in?
Summit Financial Group is in the finance industry.
What type of company is Summit Financial Group?
Summit Financial Group is a public company.
Who are Summit Financial Group's competitors?
Summit Financial Group competitors include Summit Financial Resources, MSA Solutions, Nelnet, WM Financial Services, Express Check Advance, Sun Loan, Southern Management, World Business Lenders, E-Loan, Enterprise Holdings, Credit Central, Dollar Loan Center, Check Into Cash, Equitable Bank - Nebraska, Speedy Cash, American Business Ctr, BAC North America Holding Company, ACE Cash Express, Dialogue Marketing, STUDENT LOAN MARKETING ASSOC.
Who works at Summit Financial Group?
Oscar Bean (Director)
James Cookman (Director)
Gary Hinkle (Director)
Where is Summit Financial Group's headquarters?
Summit Financial Group's headquarters is in Moorefield, WV.
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Zippia gives an in-depth look into the details of Summit Financial Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Summit Financial Group. The employee data is based on information from people who have self-reported their past or current employments at Summit Financial Group. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Summit Financial Group and its employees or that of Zippia.