SANTA ROSA, Calif., Aug. 15, 2007 (PRIME NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) today announced that the Board of Directors has authorized a stock buyback of up to 100,000 shares of common stock representing 2% of the 4,844,720 shares outstanding.
About Summit State Bank
Summit State Bank has total assets of $331 million and total equity of $48 million at June 30, 2007. It provides diverse financial products and services which are marketed through Sonoma County, California with offices located in Santa Rosa, Rohnert Park, Petaluma and Windsor. Summit State Bank stock is traded on the Nasdaq Global Market under the symbol SSBI.