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.
The staff at Summit Financial Group come from unusually diverse demographic backgrounds. The company is 40.6% female and 39.2% ethnic minorities. Even though it has great demographic diversity, Summit Financial Group notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 71.4%. Despite having coworkers who agree with each other about politics, employees at Summit Financial Group tend to have relatively short tenures. Staff members usually stay with the company for 2.5 years. The average employee at Summit Financial Group makes $46,647 per year. Pay at Summit Financial Group is significantly lower than some of its highest paying competitors, like WM Financial Services, World Business Lenders, and Equitable Bank - Nebraska, which pay $74,829, $68,397, and $66,283, respectively.
Based in West Virginia, Summit Financial Group is a medium-sized professional company with 251 employees and a revenue of $68.7M.

Industry

Finance

Revenue

$68.7M

Employees

251

Founded in

1987

Headquarters

Moorefield, WV

Website

summitfgi.com

Organization Type

Public

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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.

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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.
7.7
Salary Score
Average Employee Earnings

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.

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 Group

2.5 years
Nelnet2.4 years
MSA Solutions1.7 years
Top Employers Before Summit Financial Group
MetLife8.7 %
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Top Employers After Summit Financial Group
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Summit Financial Group Financial Performance

8.2
Performance Score
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

DateAmountSecurity 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.

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)

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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.