Summit State Bank (NASDAQ: SSBI) delivered 129 donation checks so far this year totaling to more than $175,000 to its nonprofit customers through its Nonprofit Partner Donation Program.
Summit’s Nonprofit Partner Donation Program gives an automatic annual cash donation to its nonprofit customers based on average annual account balances. This check is in addition to additional community giving, sponsorships and volunteering Summit provides during the year.
“The guaranteed level of support to our customers through our Nonprofit Partner Donation Program is just part of our commitment to our community. This time of year is particularly rewarding when we have the opportunity to make meaningful donations – and this year a record number – to important Sonoma County organizations,” said Tom Duryea, president and CEO of Summit State Bank. “We are thrilled to see this program grow substantially every year as part of our commitment to community giving. This year we provided $175,000 which is up from $101,000 in 2012 and $43,000 in 2011. Through actively working with these organizations, we understand that nonprofits are challenged to expend energy to maintain and build their donor lists. We want our customers to know they have a solid supporter in Summit without having to negotiate sponsorships and donations every year all over again.”
Recipients include: Community Childcare Council of Sonoma County, Friend’s House, Giant Steps, Healthcare Foundation of Northern Sonoma County, PEP Housing, Petaluma Health Center, Santa Rosa Community Health Centers and Valley of the Moon Children’s Foundation.
Summit State Bank has total assets of $460 million and total equity of $63 million at March 31, 2014. Headquartered in Sonoma County, the Bank provides diverse financial products and services throughout Sonoma, Napa, San Francisco, and Marin Counties. Summit has been recognized as one of the Top 75 Corporate Philanthropists in the Bay Area by the San Francisco Business Times and Top Corporate Philanthropist by the North Bay Business Journal. In addition, Summit State Bank received the 2013 Rising Star Award from the California Independent Bankers, the 2012 Community Bank Award from the American Bankers Association for its nonprofit work, and has been recognized as one of the North Bay’s Best Places to Work by the North Bay Business Journal. Summit has also been consistently recognized as a high performing bank by Findley Reports. Summit State Bank’s stock is traded on the Nasdaq Global Market under the symbol SSBI. Further information can be found at www.summitstatebank.com.