Summit Bancshares, Inc. Announces an Increase in Cash Dividend

OAKLAND, Calif.--()--The Board of Directors of Summit Bancshares Inc., at a meeting held on December 20, 2017, declared a cash dividend of $0.15 per share, payable on February 28, 2018, to holders of record as of the close of business on February 7, 2018. This represents an increase of $0.01 cent from the dividend paid in August 2017 and $0.02 on an annualized basis from previous years. This is the fourth increase in dividends per share from August 2015 which was $0.11 cents per share.

Summit Bancshares, Inc. (OTC Bulletin Board: SMAL) is the parent company of Summit Bank.

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Summit Bancshares, Inc.
Shirley W. Nelson, 510-839-8800

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Release Summary

Summit Bancshares Announces Increase in Dividends for February 2018

Summit Bancshares, Inc.