SANTA ROSA, Calif., Oct. 19, 2011 (GLOBE NEWSWIRE) -- Wayne Hoffer has been appointed Interim Chief Credit Officer at Summit State Bank (Nasdaq:SSBI). Mr. Hoffer brings over 30 years of lending and banking experience to the role. He is an integral member of Summit's Commercial Lending team and has worked for Summit State Bank for the past five years.
Summit State Bank's previous Chief Credit Officer, Guy Dana, has transitioned to pursue a new role outside of the bank. Summit State Bank is actively conducting a thorough search for a permanent Chief Credit Officer.
"The team at Summit State Bank would like to thank Mr. Dana for his contribution in helping Summit achieve its premier banking status in Sonoma County and amongst its peers. We are grateful to have Wayne Hoffer overseeing the credit function of the bank at this time. His extensive credit background will serve well in support of this key role," states Tom Duryea, President and CEO of Summit State Bank.
Summit State Bank has total assets of $384 million and total equity of $56 million at June 30, 2011. Headquartered in Sonoma County, the Bank provides diverse financial products and services throughout Sonoma, Napa, San Francisco, and Marin Counties. Summit State Bank is a Premier Performing Bank, earning the highest Findley Reports designation of all Sonoma County-based banks. Summit State Bank received the Gold Medal award for Best Business Bank from the Northbay Biz Magazine and has also been recognized as one of the North Bay's Best Places to Work by the North Bay Business Journal. 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.