8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):October 21, 2005

Summit Financial Group, Inc.

(Exact name of registrant as specified in its charter)

West Virginia	0-16587	55-0672148
(State or Other Jurisdiction)	(Commission File Number)	(I.R.S. Employer Identification)

300 North Main Street

Moorefield, WV 26836

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code

(304) 530-1000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 - Other Events

Item 8.01 Other Events.

On October 21, 2005, Summit Financial Group, Inc.’s (“Summit”) Board of Directors declared the second half 2005 dividend. As a result, Summit issued on October 24, 2005 a News Release announcing the dividend. This News Release is furnished as Exhibit 99 and is incorporated herein by reference.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(c)   Exhibits

99News Release issued on October 24, 2005

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 SUMMIT FINANCIAL GROUP, INC.

Date: October 25, 2005	By: /s/ Julie R. Cook
	Julie R. Cook
	Vice President and
	Chief Accounting Officer

EX-99

                     

    Exhibit 99

FOR RELEASE AT 4:00 PM EST, MONDAY, OCTOBER 24, 2005

October 24, 2005

Contact:	Teresa Sherman, Director of Shareholder Relations
Telephone:	(304) 530-0526
Email:	tsherman@SummitFGI.com

SUMMIT FINANCIAL GROUP ANNOUNCES SECOND HALF 2005 SEMI-ANNUAL DIVIDEND

MOOREFIELD, WV - October 24, 2005 -- SUMMIT FINANCIAL GROUP, INC. (NASDAQ: SMMF), a $1 billion financial holding company headquartered in Moorefield, West Virginia, today announces its second half 2005 semi-annual cash dividend. The dividend will be $0.16 per share and is payable on December 15, 2005 to shareholders of record as of December 1, 2005. This dividend combined with the dividend paid in the first half of 2005 represents a total cash dividend of $0.30 per share for the year, an increase of 15.4% over the $0.26 per share paid in 2004.

Summit operates fourteen banking locations through its two wholly owned community banks, Summit Community Bank headquartered in Moorefield, West Virginia and Shenandoah Valley National Bank in Winchester, Virginia. In addition, Summit also operates Summit Mortgage, a residential mortgage loan originator located in Herndon, Virginia and Summit Insurance Services, LLC in Moorefield, West Virginia.