People: Summit Financial Group Inc (SMMF.W)

SMMF.W on CBOE When Trading NASDAQ Global Select Market

7.86USD
29 Apr 2013
Price Change (% chg)

$-0.90 (-10.27%)
Prev Close
$8.76
Open
$7.86
Day's High
$7.86
Day's Low
$7.86
Volume
100
Avg. Vol
11
52-wk High
$8.99
52-wk Low
$3.95

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Summary

Name Age Since Current Position

Oscar Bean

 61 1995 Independent Chairman of the Board

H. Charles Maddy

 49 2010 President, Chief Executive Officer, Director

George Ours

 80 2000 Independent Vice Chairman of the Board

Robert Tissue

 48 1998 Chief Financial Officer, Senior Vice President

Scott Jennings

 50 2000 Chief Operating Officer, Senior Vice President

Patrick Frye

 53 2003 Senior Vice President, Chief of Credit Administration

Douglas Mitchell

 48 2012 Senior Vice President, Chief Banking Officer; Chief Executive Officer of the Bank

Bradford Ritchie

 45 2012 Senior Vice President; President of Summit Community Bank

Phoebe Heishman

 71 1995 Secretary, Director

Dewey Bensenhaver

 65 2000 Independent Director

J. Scott Bridgeforth

 48 2011 Independent Director

James Cookman

 58 1994 Independent Director

John Crites

 71 1989 Independent Director

James Geary

 56 2007 Independent Director

Georgette George

 51 2010 Independent Director

Thomas Hawse

 67 1988 Independent Director

Gary Hinkle

 62 1993 Independent Director

Jeffrey Hott

 61 2011 Independent Director

Gerald Huffman

 67 2000 Independent Director

Duke McDaniel

 73 2000 Independent Director

George Pace

 60 2011 Independent Director

Charles Piccirillo

 57 1998 Independent Director
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Biographies

Name Description

Oscar Bean

 Mr. Oscar M. Bean is Independent Chairman of the Board of Summit Financial Group Inc. He has served as a member of the Board of Directors of the Company since 1987 and has served as a member of the Board of Directors of Summit’s banking subsidiary since 1978. Mr. Bean was named Chairman of the Board of the Company in 1995, and has served in this capacity for the last 16 years. Mr. Bean is a lawyer and was formerly the prosecuting attorney of Hardy County, West Virginia. Mr. Bean served on the Board of the Moorefield Scholarship Fund and served as a member of the West Virginia University College of Law Visiting Committee. Mr. Bean is currently the Chairman of the Eastern West Virginia Community and Technical College Foundation and is the Managing Partner of Bean & Bean, Attorneys at Law.

H. Charles Maddy

 Mr. H. Charles Maddy, III, is President, Chief Executive Officer, Director of Summit Financial Group Inc. He has served as a member of the Board of Directors since 1993 and has served as a member of the Board of Directors of Summit’s banking subsidiary since 1993. Mr. Maddy has served as Chairman of the Board of Directors of Summit Community Bank, the banking subsidiary of the Company, since September, 2010, and Co-Chairman from 2007 to September, 2010. Mr. Maddy is currently the President and Chief Executive Officer of the Company, and has served in this capacity since 1994. Mr. Maddy received his bachelor degree in business administration with a concentration in accounting from Concord College. Mr. Maddy served as the Vice-Chairman and Director of the Federal Home Loan Bank of Pittsburgh during the time period from 2002 to 2010 and also served as Chairman and member of the Federal Home Loan Bank of Pittsburgh’s Audit Committee.

George Ours

 Mr. George R. Ours, Jr., is Independent Vice Chairman of the Board of Summit Financial Group Inc. He has served as a member of the Board of Directors since 2000 and has served as a member of the Board of Directors of Summit’s banking subsidiary since 1974. Mr. Ours has 36 years of banking experience and 31 years of business experience at Petersburg Oil Co. Mr. Ours served as the President of Petersburg Oil Co. for 31 years prior to retiring. Mr. Ours received his business degree from West Virginia University. Mr. Ours is involved in the community and volunteers and supports numerous community initiatives.

Robert Tissue

Scott Jennings

Patrick Frye

 Mr. Patrick N. Frye is Senior Vice President, Chief of Credit Administration of Summit Financial Group Inc. He served as a member of the Board of Directors of Summit’s banking subsidiary from 1998 to 2008. Mr. Frye has 28 years of banking experience involving banks of various sizes from $100 million to $6 billion. Mr. Frye has 20 years of executive management experience. Since 2003, Mr. Frye has served as the Senior Vice President and Chief Credit Officer of the Company. Mr. Frye served as the President and Chief Executive Officer of a banking subsidiary of the Company from December 1998 through November, 2004. Mr. Frye serves as a member of the Executive Committee and the Asset/Liability and Funds Management Committee. Mr. Frye is also an experienced commercial and residential land developer.

Douglas Mitchell

 Mr. Douglas T. Mitchell is Senior Vice President, Chief Banking Officer of Summit Financial Group Inc, and Chief Executive Officer of Summit Community Bank, Inc. subsidiary of Summit Financial Group Inc. He has been appointed Chief Executive Officer of Summit Community Bank, Inc. effective January 2, 2012. Mr. Mitchell brings nearly 24 years of banking experience to his position at Summit. Prior to joining Summit as Chief Banking Officer in 2005, Mr. Mitchell was a SVP of SunTrust Bank where he managed the Retail Banking group in Tampa, Florida. In addition, Mr. Mitchell worked for Regional and National Banks including, JP Morgan Chase, Chevy Chase Bank and M&T Bank. The experience provides him a diversified background in banking including retail banking, commercial lending, private banking and investments. Mr. Mitchell graduated (BS) from SUNY Cortland and received his MBA from the University of Rochester’s William E. Simon School.

Bradford Ritchie

 Mr. Bradford E. Ritchie is Senior Vice President of Summit Financial Group, Inc, and President of Summit Community Bank, a subsidiary of Summit Financial Group, Inc., effective January 2, 2012. Mr. Ritchie brings nearly 14 years of banking experience to his position at Summit. Prior to joining Summit as President of the West Virginia Market in 2008, Mr. Ritchie was Regional President for United Bank in Charleston, WV. In addition, Mr. Ritchie worked for Arnett and Foster, the accounting and consulting firm in West Virginia. He is a graduate of West Virginia University with a Bachelor of Science degree in Accounting.

Phoebe Heishman

 Ms. Phoebe F. Heishman is Secretary, Director of Summit Financial Group Inc. She has served as a member of the Board of Directors of the Company since 1987 and has served as Secretary of the Company since 1995. Ms. Heishman has served as a member of the Board of Directors of Summit’s banking subsidiary since 1973. Ms. Heishman has over 40 years of business experience. Ms. Heishman is currently the President of RE Fisher Co., Inc., and is the Publisher and Editor of The Moorefield Examiner. In 1994, Ms. Heishman was awarded the P.I. Reed Achievement Award from the West Virginia University School of Journalism. This award was created in 1966, and is the most prestigious award bestowed on alumni of the West Virginia University School of Journalism. Ms. Heishman also received the Adam Kelley Premier Journalist Award in 2008 from the West Virginia Press Association. Ms. Heishman served as the President of the West Virginia Press Association from 1990-1991. Ms. Heishman was also the Chairman of the Hardy County Bicentennial Commission and the Past President of the Hardy County Historical Society. Ms. Heishman has been named a Distinguished West Virginian by Governor Gaston Caperton and named as a Friend of Agriculture by Governor Bob Wise and Agriculture Commissioner Gus Douglass. Ms. Heishman was a former employee with the Federal Reserve Bank of San Francisco. Ms. Heishman is a current member of the Hardy County Chamber of Commerce.

Dewey Bensenhaver

 Dr. Dewey F. Bensenhaver, M.D., is Independent Director of Summit Financial Group Inc since February 2000. He served as a member of the Board of Directors of Summit’s banking subsidiary from 1998 to 2008. Dr. Bensenhaver was reappointed as a member of the Board of Directors of Summit’s banking subsidiary in May, 2011. Dr. Bensenhaver is a physician operating a private practice since 1972. In addition, Dr. Bensenhaver has owned a farming operation since 1976.

J. Scott Bridgeforth

 Mr. J. Scott Bridgeforth is Independent Director of Summit Financial Group, Inc., since 2011. Mr. Bridgeforth has served as a member of the Board of Directors of Summit’s banking subsidiary since 1999. Mr. Bridgeforth received his Bachelor of Business Administration in Business Management from James Madison University and has 26 years experience in owning and operating his own business. Mr. Bridgeforth is currently the owner and Vice-President of Royal Crown Bottling Company of Winchester, Inc. and Royal Crown Bottling Company of Hagerstown, Maryland, and the owner and President of Sure Bet Services, Inc.

James Cookman

 Mr. James M. Cookman is Independent Director of Summit Financial Group Inc since 1994. He served as a member of the Board of Directors of Summit’s banking subsidiary from 1994 to 2008. Mr. Cookman has 34 years of diverse business experience in the areas of insurance, renewable energy, finance, real estate and communications. Mr. Cookman is currently the President of Cookman Insurance Group, Inc., and is the President and Chief Operating Officer of US Wind Force, LLC and is also the president of several other companies that he manages. Mr. Cookman is politically active at the local, state and federal levels and is actively involved in community initiatives.

John Crites

 Mr. John W. Crites is Independent Director of Summit Financial Group Inc since 1989. He has served as a member of the Board of Directors of Summit’s banking subsidiary since 1989. Mr. Crites serves as the Chairman and Chief Executive Officer of Allegheny Wood Products, Inc., a owned hardwood sawmill company founded by Mr. Crites and his wife in 1973. Mr. Crites opened his first sawmill in 1973 with 13 employees in Riverton, West Virginia and today Allegheny Wood Products has 500 employees and markets to 18 foreign countries plus the United States. Mr. Crites also owns Allegheny Dimension, LLC in Petersburg, West Virginia which manufactures semi-finished furniture and stair-parts components. Mr. Crites earned a bachelor’s degree at West Virginia University and a master’s degree in forestry from the University of Montana. Mr. Crites is a member of the West Virginia University Foundation Inc., National Campaign Committee, and is the Chair of the Trust Committee of the West Virginia University Forestry Endowment Fund.

James Geary

 Mr.James P. Geary, II, is Independent Director of Summit Financial Group Inc since May 2007. He served as a member of the Board of Directors of Summit’s banking subsidiary from 2007 to 2008. Mr. Geary was reappointed as a member of the Board of Directors of Summit’s banking subsidiary in May, 2011. Mr. Geary earned his bachelor of science degree in accounting from the West Virginia University School of Business and received his law degree from the West Virginia University College of Law. Mr. Geary is a Partner of the law firm Geary & Geary and is a real estate broker for Landimer, Inc. Mr. Geary is a title insurance agent for Old Republic Title Insurance Company and First American Title Insurance Company and is the Managing Member of Allegheny Highlands, LLC, a real estate sales and development company. Mr. Geary is a current member of the Grant County Planning Commission and is a member of the West Virginia Forestry Association. Mr. Geary serves as a mediator in the 21st and 22nd West Virginia Judicial Circuits and serves as the Mental Hygiene Commissioner in the 21st West Virginia Judicial Circuit. Mr. Geary is a charter member of the Grant and Hardy County Gideons and is the Area 2 Director of the West Virginia Gideons International. He serves as the Chairman of the Administrative Council of the St. John’s United Methodist Church. Mr. Geary was also a professor at Shepherd College, Shepherdstown, West Virginia.

Georgette George

 Ms. Georgette R. George is Independent Director of Summit Financial Group Inc. Ms. George also served as a member of the Board of Directors of Summit from March, 1998 to December, 1999 and served as a member of the Board of Directors of Summit’s banking subsidiary from 1995 to 2005. Ms. George was re-appointed as a member of the Board of Directors of Summit’s banking subsidiary in December, 2009. Ms. George is a principal in a number of business enterprises involved in various retail, office, and hotel development projects, of which she manages the administrative and financial operations. She has been engaged in these businesses for more than twenty years. Previously, she held a position in sales management at the Hewlett-Packard Company where she received the President’s Award, that company’s highest sales achievement award. Ms. George has a understanding of business management and finance through her experience in managing and operating multiple businesses. Ms. George has served on the Boards of numerous non-profit organizations, including the Thomas Hospital Foundation, Community Council of Kanawha Valley, and the Convention Bureaus of the cities of both Charleston and South Charleston, West Virginia. Ms. George was a recipient of the Women of Achievement Award conferred by the Young Women’s Christian Association of Charleston. Ms. George is a graduate of Vanderbilt University where she earned a B.E. degree in Biomedical and Electrical Engineering

Thomas Hawse

 Mr. Thomas J. Hawse, III, is Independent Director of Summit Financial Group Inc since 1988. He has served as a member of the Board of Directors of Summit’s banking subsidiary since 1988. Mr. Hawse received his bachelor of science degree in accounting from West Virginia University and has audit experience from working for PriceWaterhouseCoopers in Pittsburgh, Pennsylvania. Mr. Hawse has served on numerous Boards of Directors. Mr. Hawse is currently the President of Hawse Food Market, Inc. Mr. Hawse has executive and legislative experience.

Gary Hinkle

 Mr. Gary L. Hinkle is Independent Director of Summit Financial Group Inc since 1993. He has served as a member of the Board of Directors of Summit’s banking subsidiary since 1993. Mr. Hinkle received his bachelor of science in business management from West Virginia University and has 25 years of experience in owning and operating his own business. Mr. Hinkle is currently the President of Hinkle Trucking, Inc., Dettinburn Transport, Inc., Mt. Storm Fuel Inc., and H.T. Services, Inc.

Jeffrey Hott

 Mr. Jeffrey E. Hott is Independent Director of Summit Financial Group, Inc., since 2011. Mr. Hott has served as a member of the Board of Directors of Summit’s banking subsidiary since October, 1990. Mr. Hott is the President and a member of the Board of Directors of E.E. Hott, Inc., a real estate holding and asset management company for the following entities: Franklin Oil Company, Inc., Hott’s Ag Services, Inc., and Hott’s Farming, Inc. Mr. Hott is an officer and a member of the Board of Directors of each of these entities. Mr. Hott is an operating partner and owner in BeaconNet, LLC involved primarily in leasing and renting communication facilities. Mr. Hott has served in these businesses for over 40 years. Mr. Hott serves as a member of the Pendleton County Community and Economic Development Authority

Gerald Huffman

 Mr. Gerald W. Huffman is Independent Director of Summit Financial Group Inc since February 2000. He served as a member of the Board of Directors of Summit’s banking subsidiary from 1998 to 2008. Mr. Huffman was reappointed as a member of the Board of Directors of Summit’s banking subsidiary in May, 2011. Mr. Huffman has over 40 years of experience in owning and operating his own business and has employed as many as 50 individuals. Mr. Huffman is currently the President of Huffman Logging, Inc., Potomac Trucking and Excavation, Inc. and G&T Repair, Inc. Mr. Huffman has served on the Executive Board of the West Virginia Forestry Association.

Duke McDaniel

 Mr. Duke A. McDaniel is Independent Director of Summit Financial Group Inc since February 2000. He served as a member of the Board of Directors of Summit’s banking subsidiary from 1985 to 2008. Mr. McDaniel was reappointed as a member of the Board of Directors of Summit’s banking subsidiary in May, 2011. Mr. McDaniel received his law degree from West Virginia University College of Law and has been practicing law since 1964.

George Pace

 Mr. George W. Pace is Independent Director of Summit Financial Group, Inc., since 2011. Mr. Pace has served as a member of the Board of Directors of Summit’s banking subsidiary since 2003, and has served on the local Board of Directors of Summit Community Bank in Harrisonburg, Virginia since 2003. Mr. Pace earned his bachelor of science degree and masters degree in business administration from the University of North Carolina. Mr. Pace is the former CEO of Rocco Enterprises and served as the Vice-Mayor of Harrisonburg, Virginia. Mr. Pace is currently self-employed as a business advisor and serves on the Board of Directors of five privately-owned entities.

Charles Piccirillo

 Mr. Charles S. Piccirillo is Independent Director of Summit Financial Group Inc since 1998. He served as a member of the Board of Directors of Summit’s banking subsidiary from 1996 to 2008. Mr. Piccirillo was reappointed as a member of the Board of Directors of Summit’s banking subsidiary in May, 2011. Mr. Piccirillo received his law degree from the West Virginia University College of Law in 1980 and is a member in the law firm of Shaffer & Shaffer, PLLC. Mr. Piccirillo is also a Partner with Lawoff Associates, and President of Auggus Enterprises, Inc., both of which are real estate entities.

Insider Trading

Name Shares Traded Price

MADDY HUBERT CHARLES III

 304 $0.00

TISSUE ROBERT S

 223 $0.00

HAWSE THOMAS J III

 900 $8.50

HAWSE THOMAS J III

 100 $8.38

HOTT JEFFREY E

 5,900 $6.85

TISSUE ROBERT S

 2,347 $7.17

TISSUE ROBERT S

 853 $7.16

TISSUE ROBERT S

 800 $4.63

TISSUE ROBERT S

 2,400 $5.21

MADDY HUBERT CHARLES III

 1,550 $7.00

MADDY HUBERT CHARLES III

 3,250 $7.10

MADDY HUBERT CHARLES III

 4,800 $5.21

TISSUE ROBERT S

 2,400 $5.21

TISSUE ROBERT S

 2,400 $7.08

MADDY HUBERT CHARLES III

 1,600 $7.10

MADDY HUBERT CHARLES III

 1,600 $4.63

BEAN OSCAR M

 1,000 $4.81

HOTT JEFFREY E

 5,000 $5.00

HAWSE THOMAS J III

 500 $4.21

HOTT JEFFREY E

 10,000 $4.35

HOTT JEFFREY E

 1,000 $4.35

HOTT JEFFREY E

 2,000 $4.35

HAWSE THOMAS J III

 200 $4.20

HOTT JEFFREY E

 35,000 $4.35

HOTT JEFFREY E

 2,000 $4.35
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