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Summit Bank Achieves Minimum Fundraising Goal
February 9, 2004Eugene, Ore. – Summit Bank organizers have raised the minimum capital requirement of $7 million from local investors, allowing the community bank to open its doors at 96 E. Broadway in downtown Eugene later this month. Those who received the initial offering circular but have not yet purchased shares will have the opportunity to invest until Feb. 27, or until the bank reaches the maximum opening investment level of $10 million.
“The community has expressed its confidence in our vision by buying Summit Bank stock,” says Ann Marie Mehlum, Chief Executive Officer of Summit Bank. “Now we’re ready to provide banking services that will exceed their expectations.”
Summit Bank is a locally owned, full service community bank for Eugene/Springfield. The start-up bank has been created for and by business owners and professionals, with an emphasis on personalized customer service and a strong commitment to serve the local community.