MOOREFIELD, W.Va., Feb. 24, 2017 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ:SMMF) today announces its Board of Directors recently declared a first quarter 2017 dividend of $0.11 per share payable on March 31, 2017 to common shareholders of record as of the close of business on March 15, 2017, which represents a 10 percent increase compared to that paid in recent prior quarters.
Summit is a $1.76 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Northern and Shenandoah Valley regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates eighteen banking locations. Summit also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia.