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Financials

BRIEF-Summit Financial Group says announces resolution of litigation

April 24 (Reuters) - Summit Financial Group Inc

* Summit Financial Group Inc announces resolution of litigation

* Summit Financial Group Inc - reached settlement with Residential Funding Company, LLC and Rescap Liquidating Trust

* Summit Financial Group Inc - settlement to resolve fully all litigation between summit and rescap

* Summit Financial Group Inc - Summit agreed to pay Rescap $9.9 million which will be recorded as a charge against our q1 2017 earnings

* Summit Financial Group Inc - settlement to result in an after-tax reduction in net income of $6.2 million, or $0.58 per diluted share Source text for Eikon: Further company coverage:

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