Summit Bank Group, Inc. Announces News of Repurchase Program

EUGENE, Ore.–(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.

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.

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.

ABOUT SUMMIT BANK:

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 Register-Guard’s annual Reader’s Choice Awards and “Best Bank” by Central Oregon’s Bend Bulletin for the past two years. Recently, Summit Bank was recognized by American Banker as one of the top 100 banks in the country, affirming its position among the elite national financial institutions. Additionally, Lane County recently named Summit Bank one of the best places for parents to work two years in a row. Summit Bank Group Inc. is quoted on the OTCID under the symbol SBKO.

For more information, Contact: Craig Wanichek, President & CEO, Cwanichek@sbko.bank

Forward-Looking Statements

This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events or results and can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, inflation, changes in the interest rate environment, general economic conditions or conditions within the securities markets, potential recessionary conditions, changes in asset quality, charge-offs and loan loss provisions, changes in demand for our products and services, legislative, accounting, tax and regulatory changes, including changes in the monetary and fiscal policies of the Board of Governors of the Federal Reserve System, political developments, uncertainties or instability, catastrophic events, acts of war or terrorism, natural disasters or breach of our operational or security systems or infrastructure, including cyberattacks that could adversely affect the Company’s financial condition and results of operations and the business in which the Company and the Bank are engaged.

Accordingly, you should not place undue reliance on forward-looking statements. The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

Contacts

Craig Wanichek, President & CEO, cwanichek@sbko.bank
Summit Bank Group, Inc.
(541) 684-7500