Business

Summit Bank Group, Inc. Announces News of Repurchase Program

EUGENE, Ore., February 02, 2026--Summit Bank Group, Inc. (the "Company") (OTCID: SBKO), the holding company for Summit Bank, announced it has adopted a new program to repurchase up to $864,000 worth of shares of its common stock. This is the Company’s second stock repurchase program since completing its holding company formation in 2020.

articleBank Makramah LimitedFebruary 2, 20263/company/bank-makramah/news/summit-bank-group-inc-announces-news-of-repurchase-program-1
Summit Bank Group, Inc. Announces News of Repurchase Program

About this update from Bank Makramah Limited

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":500,"height":200,"url":"https://media.zenfs.com/en/business-wire.com/2712b0ce85ddbd9f2d38877430f093a6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hVJPhVzMRN1W6NjiMzYcNQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM4NDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/2712b0ce85ddbd9f2d38877430f093a6","width":500,"height":200}},"lazy":false},{"type":"text","content":"EUGENE, Ore., February 02, 2026--(BUSINESS WIRE)--Summit Bank Group, Inc. (the "Company") (OTCID: SBKO), the holding company for Summit Bank, announced it has adopted a new program to repurchase up to $864,000 worth of shares of its common stock. This is the Company’s second stock repurchase program since completing its holding company formation in 2020.","length":366,"tagName":"p"},{"type":"text","content":"Repurchases are expected to commence on or after February 2, 2026. Shares may be repurchased in open market or private transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.","length":257,"tagName":"p"},{"type":"text","content":"The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.","length":510,"tagName":"p"},{"type":"text","content":"ABOUT SUMMIT BANK:","length":18,"tagName":"p"},{"type":"text","content":"Summit Bank Group Inc., through its wholly-owned subsidiary Summit Bank, maintains offices in Eugene, Bend, Redmond, Downtown Portland, and Westside Portland, specializing in providing high-level service to professionals and medium-sized businesses and their owners. The Bank was voted one of Oregon's "Top 100 Companies to Work For" for the fifth consecutive year, according to Oregon Business Magazine. Summit Bank was honored as "Favorite Bank" in the Eugene Regi...

More updates from Bank Makramah Limited

Summit BankThe CompanySecurities and Exchange Commissionstock repurchaseOregon Business MagazineForward-Looking StatementsCompany