Summit Financial Group Overview

  • Year Founded
  • 1987

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 496

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 5

  • Investments
  • 9

Summit Financial Group General Information

Description

Summit Financial Group Inc is a financial holding company. The company provides community banking services in the Eastern Panhandle, Southern, and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia. It provides a wide range of community banking services, including demand, savings, and time deposits; commercial, real estates, and consumer loans; trust and wealth management services; and cash management services.

Contact Information

Website
www.summitfgi.com
Formerly Known As
South Branch Valley Bancorp, South Branch Valley Bancorp Inc
Ownership Status
Acquired/Merged
Financing Status
Corporate Backed or Acquired
Corporate Office
  • 300 North Main Street
  • Moorefield, WV 26836
  • United States
Primary Industry
Holding Companies
Acquirer
Burke & Herbert Bank
Former Stock Listing
SMMF
Corporate Office
  • 300 North Main Street
  • Moorefield, WV 26836
  • United States

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Summit Financial Group Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Summit Financial Group Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Summit Financial Group Inc is a financial holding company. The company provides community banking services in the Easter
Holding Companies
Moorefield, WV
496 As of 2023

Boston, MA
 
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Summit Financial Group Competitors (1)

One of Summit Financial Group’s competitors is Eastern Bankshares, a Formerly VC-backed company based in Boston, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Eastern Bankshares Formerly VC-backed Boston, MA
You’re viewing 1 of 1 competitors. Get the full list »

Summit Financial Group Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Summit Financial Group Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Summit Financial Group Acquisitions (9)

Summit Financial Group’s most recent deal was a Merger/Acquisition with PSB Holding for . The deal was made on 01-Apr-2023.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
PSB Holding 01-Apr-2023 Merger/Acquisition Regional Banks
PSB Holdings 01-Apr-2023 Merger/Acquisition Regional Banks
WinFirst Bank 15-Dec-2020 Merger/Acquisition Regional Banks
Cornerstone Bank (West Union) 01-Jan-2020 Merger/Acquisition Regional Banks
Peoples Bankshares (Mullens) 02-Jan-2019 Merger/Acquisition Regional Banks
You’re viewing 5 of 9 acquisitions. Get the full list »

Summit Financial Group Exits (1)

Summit Financial Group’s most recent exit was on 01-Jan-2007 from Summit Insurance Services. The exit was categorized as .

Company Name Exit Date Exit Type Exit Size Status Buyers
Summit Insurance Services 01-Jan-2007 Completed
To view Summit Financial Group’s complete exits history, request access »

Summit Financial Group Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
PSB Holdings Wausau, WI 1994

Summit Financial Group FAQs

  • When was Summit Financial Group founded?

    Summit Financial Group was founded in 1987.

  • Where is Summit Financial Group headquartered?

    Summit Financial Group is headquartered in Moorefield, WV.

  • What is the size of Summit Financial Group?

    Summit Financial Group has 496 total employees.

  • What industry is Summit Financial Group in?

    Summit Financial Group’s primary industry is Holding Companies.

  • Is Summit Financial Group a private or public company?

    Summit Financial Group is a Private company.

  • What is the current valuation of Summit Financial Group?

    The current valuation of Summit Financial Group is .

  • What is Summit Financial Group’s current revenue?

    The current revenue for Summit Financial Group is .

  • How much funding has Summit Financial Group raised over time?

    Summit Financial Group has raised $22.9M.

  • Who are Summit Financial Group’s investors?

    Castle Creek Capital has invested in Summit Financial Group.

  • Who are Summit Financial Group’s competitors?

    Eastern Bankshares is a competitor of Summit Financial Group.

  • When was Summit Financial Group acquired?

    Summit Financial Group was acquired on 03-May-2024.

  • Who acquired Summit Financial Group?

    Summit Financial Group was acquired by Burke & Herbert Bank.

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