Summit Bank

Summit Bank is hiring! We're looking for talented professionals to join our teams in Central Oregon, Eugene & Springfield, and the Portland Metropolitan markets. If you’re ready to reach new heights in your career, apply now and grow with us at Summit Bank! Open Job positions here: https://bit.ly/3xefB5L

The Eugene & Springfield region boasts a balanced and resilient economy, combining cutting-edge research and innovation with traditional industries. From the University of Oregon’s wide-ranging influence to the vibrant “Silicon Shire” tech community, here’s an overview of the sectors driving growth and creating opportunities throughout the Willamette Valley.

Our Downtown Portland & Westside office teams had a blast volunteering with Store to Door PDX last week—packing groceries and delivering them to our neighbors who can’t easily get out to shop!

Summit Bank’s Portland office recently brought local animal rescues together in the KOIN Tower, valuing how shared purpose and collaboration yield extraordinary results for our community, especially for many animals needing help.

Thank you to everyone who attended last week's OP Trivia Night! Twenty teams of brilliance was IMPRESSIVE! Your time with us benefits the girls of Lane & Linn counties. We couldn't provide the impactful work we do without you. ??Congrats to the "Quizzards of Oz" coming in 1st place for the evening! Check out all of the photos at https://lnkd.in/dpeYhwbE. A special thank you to the event's sponsors: @Ambient IT Solutions and Summit Bank too!

Summit Bank goes beyond everyday banking to make a genuine difference in the places we call home. In 2024, our team volunteered for?1,534 hours, contributed?$337,605?in donations and sponsorships, and arranged?$12,589,700?in loans that serve nonprofits throughout the state. Of that total,?$8.3 million?went toward affordable housing, helping more families find a stable roof over their heads.

Cheers to Summit Bank’s executive committee members Ashley Horner and Jenny Bennett for co-chairing a record-breaking O'Hara Catholic School A Night in Hollywood auction! And a special thank you to Chris Hemmings for making a memorable appearance.

Thank you Risk Management Association (RMA) Bend, Oregon Chapter for facilitating the Bank CEO Panel this morning! Impressive panel, Craig Wanichek, Brent Beardall and Todd Cooper, moderated by Bonnie Vieira. Proud to work in an industry that drives local business, empowers entrepreneurs, supports non-profits and strengthens communities!

From Olympian to sports agent to community banker—and always a dreamer. Piotrek's inspiring talk at this year’s ABA Community Banking conference in Scottsdale reminded us all that our goals can evolve, but we should never stop reaching for the next one.

This time last year we wrote about how the national and Central Oregon economy would shrug off recessionary predictions, the Fed would be measured in lowering interest rates in the face of ongoing inflation and that businesses in most sectors would do well in 2024. ?? Despite a persistent inverted interest rate yield curve, our forecast was dead on – U.S. GDP was never negative, rather it grew by 3.0% and 2.8% for the last two quarters reported the Fed only cut its rate only three times for a total of just 100 basis points; and businesses generally expanded over the past 12 months.?It was the second time in the past 70 years that an inverted yield curve proved to be a false positive for recession. Why? There was just too much money still circulating in the economy from public spending in reaction to Covid-19.? Read more below.