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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.
The staff at Summit Financial Group come from unusually diverse demographic backgrounds. The company is 51.0% female and 42.4% 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 70.0%. 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 2.8 years.
Based in West Virginia, Summit Financial Group is a medium-sized finance 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 H. 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 #75 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 Careers

On average, employees at Summit Financial Group stay with the company for 2.8 years. Employees most commonly join Summit Financial Group after leaving Santa Clara County Federal Credit Union.

Top Employers Before Summit Financial Group

Top Employers After Summit Financial Group

Summit Financial Group Employee Demographics

8.6
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Summit Financial Group Employees Education

Of the 251 employees at Summit Financial Group, 9.1% attended San Diego State University.

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Summit Financial Group Employee Political Affiliation

Summit Financial Group employees are most likely to be members of the Republican Party. The largest donation made to a political party by a Summit Financial Group employee was by Robert Tissue. Robert Tissue donated $4,500 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Brendan NoonanFinance Advisor
Brendan Noonan
Finance Advisor
Finance Advisor
Republican Party
Republican Party
$5,000Republican Party
$5,000
Robert TissueBanker
Robert Tissue
Banker
Banker
Democratic Party
Democratic Party
$4,500Democratic Party
$4,500
Charles MaddyChief Executive Officer
Charles Maddy
Chief Executive Officer
Chief Executive Officer
Democratic Party
Democratic Party
$2,500Democratic Party
$2,500
Clay ShemwellExecutive Vice President
Clay Shemwell
Executive Vice President
Executive Vice President
Republican Party
Republican Party
$1,000Republican Party
$1,000
Dale YoungChief Executive Officer
Dale Young
Chief Executive Officer
Chief Executive Officer
Republican Party
Republican Party
$1,000Republican Party
$1,000
Michael HaddadAdvisor
Michael Haddad
Advisor
Advisor
Republican Party
Republican Party
$500Republican Party
$500
Hubert MaddyChief Executive Officer
Hubert Maddy
Chief Executive Officer
Chief Executive Officer
Republican Party
Republican Party
$500Republican Party
$500
Jennifer DilleeFinance Planner
Jennifer Dillee
Finance Planner
Finance Planner
Republican Party
Republican Party
$250Republican Party
$250
Brad RitchiePresident
Brad Ritchie
President
President
Democratic Party
Democratic Party
$250Democratic Party
$250
Christopher HealyConsultant
Christopher Healy
Consultant
Consultant
Republican Party
Republican Party
$250Republican Party
$250

Summit Financial Group Financial Performance

8.9
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

DateascdescAmountascdescSecurity Typeascdesc
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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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 BOSTON FINANCIAL GROUP, Spectrum Financial, Heritage Financial, First Business Financial Services, COMPLETE FINANCIAL SOLUTIONS, Premier Financial Bancorp, BANK OF BERMUDA NEW YORK, FOCUS FINANCIAL PARTNERS, OFG Bancorp, Money Concepts Capital, MULTI FINANCIAL SECURITIES, Southern California Mortgage, The Legacy Group with LeaderOne Financial, U S Financial Mortgage, Capstone Financial Group, American Portfolios Holdings, FIRST INTERSTATE SECURITY, JACKSON FINANCIAL, First Capital, Premier Financial Group.

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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Updated December 31, 2020

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.

Summit Financial Group may also be known as or be related to SUMMIT FINANCIAL GROUP INC, Summit Financial Group, Summit Financial Group Inc and Summit Financial Group, Inc.