0000811808-12-000002.txt : 20120106 0000811808-12-000002.hdr.sgml : 20120106 20120106170811 ACCESSION NUMBER: 0000811808-12-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20111220 ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120106 DATE AS OF CHANGE: 20120106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUMMIT FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000811808 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 550672148 STATE OF INCORPORATION: WV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16587 FILM NUMBER: 12515343 BUSINESS ADDRESS: STREET 1: 300 NORTH MAIN ST CITY: MOOREFIELD STATE: WV ZIP: 26836 BUSINESS PHONE: 3045301000 MAIL ADDRESS: STREET 1: 300 NORTH MAIN ST CITY: MOOREFIELD STATE: WV ZIP: 26836 FORMER COMPANY: FORMER CONFORMED NAME: SOUTH BRANCH VALLEY BANCORP INC DATE OF NAME CHANGE: 19920703 8-K 1 f8kritchiemitchellappts.htm SUMMIT FINANCIAL GROUP FORM 8K f8kritchiemitchellappts.htm

 

 
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):
 
December 20, 2011
Summit Financial Group, Inc.
 
(Exact name of registrant as specified in its charter)
 
   West Virginia                                                                       No. 0-16587                                                                          55-0672148        
     (State or other jurisdiction of                                                                           (Commission File Number)                                                               (I.R.S. Employer
      incorporation or organization)                                                                                                                                        Identification No.)
 
300 North Main Street
Moorefield, West Virginia 26836
(Address of Principal Executive Offices)

(304) 530-1000
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or 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 1 – Registrant’s Business and Operations
 
Item 5.02
Departure of Directors or Certain Officers, Appointment of Certain Others, Compensatory Arrangements of Certain Officers
 
(c)           On December 20, 2011, the Board of Directors of Summit Financial Group, Inc. (the “Company”) appointed Douglas Mitchell to the position of Chief Executive Officer of the Company’s subsidiary, Summit Community Bank, Inc. effective January 2, 2012. Mr. Mitchell, age 48, has served as the Senior Vice President and Chief Banking Officer of the Company and of Summit Community Bank since 2005.
 
Mr. Mitchell is not party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. There is no material plan, contract or arrangement that was entered into or amended in connection with the appointment of Mr. Mitchell as an executive officer.
 
On December 20, 2011, the Board of Directors of the Company appointed Bradford Ritchie, age 43, to the position of President of the Company’s subsidiary, Summit Community Bank, Inc effective January 2, 2012.  Mr. Ritchie has served as President, West Virginia market, of Summit Community Bank from July 2008 until December 2011.  Prior to his employment by Summit, Mr. Ritchie served as Regional President of United Bank, West Virginia.
 
Mr. Ritchie is not party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. There is no material plan contract or arrangement that was entered into or amended in connection with the appointment of  Mr. Ritchie as an executive officer.
 
 
Section 7 – Regulation FD
 
Item 7.01                      Regulation FD Disclosure
 
On January 6, 2012, Summit Financial Group, Inc. (“Summit”) issued a News Release announcing the appointment of Douglas Mitchell to the position of Chief Executive Officer of the Company’s subsidiary, Summit Community Bank, Inc. effective January 2, 2012. This News Release is furnished as Exhibit 99 and is incorporated herein by reference.

On January 6, 2012, Summit Financial Group, Inc. (“Summit”) issued a News Release announcing the appointment of Bradford Ritchie to the position of President of the Company’s subsidiary, Summit Community Bank, Inc. effective January 2, 2012. This News Release is furnished as Exhibit 99.1 and is incorporated herein by reference.
 

 
Section 9 – Financial Statements and Exhibits
 
Item 9.01                      Financial Statements and Exhibits
 
 (c)   Exhibits
 
99              News Release issued on January 6, 2012
 
99.1           News Release issued on January 6, 2012
 

 

 
 
 


 
SIGNATURE
 
Pursuant to the requirements of the Securities and 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:     January 6, 2012                                                          By:      /s/ Julie R. Cook                  
                   Julie R. Cook
                   Vice President &
                   Chief Accounting Officer
 



 EX-99 2 ex99mitchellpressrelease.htm PRESS RELEASE-MITCHELL APPOINTMENT ex99mitchellpressrelease.htm

 
EXHIBIT 99
 
 

 
For Immediate Release
Press Contact:
Angela Zirk
300 North Main Street
Moorefield, WV 26836
304-530-0614
azirk@summitfgi.com
 
 
Moorefield, WV – (January 6, 2012) – Summit Financial Group Inc., the holding company for Summit Community Bank, named banking veteran Douglas Mitchell as Chief Executive Officer of Summit Community Bank, replacing Ronald Miller.  Mr. Miller, who recently retired, spent the last 13 years as President and CEO of Shenandoah Valley National Bank and Summit Community Bank.  Mr. Mitchell will be based at Summit’s corporate headquarters in Moorefield, West Virginia.
 
Mr. Mitchell brings nearly 24 years of banking experience to his position at Summit. Prior to joining Summit as Chief Banking Officer in 2005, Mr. Mitchell was a SVP of SunTrust Bank where he managed the Retail Banking group in Tampa, Florida.  In addition, Mr. Mitchell worked for Regional and National Banks including, JP Morgan Chase, Chevy Chase Bank and M&T Bank.  The experience provides him a diversified background in banking including retail banking, commercial lending, private banking and investments.
 
A native of Palmyra, New York, Mr. Mitchell graduated (BS) from SUNY Cortland and received his MBA from the University of Rochester’s William E. Simon School.  He and his family currently reside in Purgitsville, WV.
 
“Since our inception, Summit has been committed to growing and expanding our organization as the premier community bank focused on customer service in West Virginia and Northern Virginia,” said Charles Maddy, President and CEO of Summit Financial Group.  “Attracting someone with Doug’s background, knowledge of the market, relationships and leadership capabilities made him uniquely qualified for this position and we are so pleased to have him on our team.”  
 
 
 
 
 
 
 
"Summit is home to incredibly talented people and has a superb community banking tradition developed over the past 125 years.  Ron Miller spent the past 13 years helping to develop and enhance that reputation.  Thanks to Ron’s strong leadership, we have enormous opportunities to continue growing Summit as the premier community bank in our markets.  It is a great honor to be a part of this extraordinary organization and culture.  I look forward to continuing to work closely with Charlie and the rest of the senior management team and our colleagues across our footprint to leverage the Summit’s franchise for our clients, our employees and most of all, our shareholders.”
 
Charles Maddy will continue as the President and CEO of the holding company Summit Financial Group and Chairman of the Board for Summit Community Bank.  Summit Financial Group Inc., through its wholly owned subsidiary Summit Community Bank, has assets of $1.4 billion. Summit Community Bank is a diversified financial institution focused on delivering personalized, relationship-based services to consumers and businesses.  With 15 locations throughout Northern Virginia and West Virginia, Summit has the size and strength to provide customized value-added banking products and services to its customers.
 


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EXHIBIT 99.1
 

 
For Immediate Release
Press Contact:
Angela Zirk
300 North Main Street
Moorefield, WV 26836
304-530-0614
azirk@summitfgi.com
 
 
Moorefield, WV – (January 6, 2012) – Summit Financial Group Inc., the holding company for Summit Community Bank, named Bradford Ritchie as President of Summit Community Bank. Mr. Ritchie will be based at the Southridge office in Charleston, West Virginia. 
 
Mr. Ritchie brings nearly 14 years of banking experience to his position at Summit. Prior to joining Summit as President of the West Virginia Market in 2008, Mr. Ritchie was Regional President for United Bank in Charleston, WV. In addition, Mr. Ritchie worked for Arnett and Foster, the largest accounting and consulting firm in West Virginia. He is a graduate of West Virginia University with a Bachelor of Science degree in Accounting and currently resides with his wife, Robin and children in Charleston, WV.
 
“Brad brings an impressive combination of vision, leadership, experience and executive management in banking to Summit. He will ensure we continue to exceed our customers’ expectations and significantly contribute to the communities we serve” said Charles Maddy, President and CEO of Summit Financial Group. “Mr. Ritchie is a high caliber banking professional with a proven record of accomplishment in developing a banking franchise and we are very pleased to have him serve in this position.”
 
“Summit has developed an excellent footprint in West Virginia and Northern Virginia over a relatively short period of time,” said Mr. Ritchie. “Charlie Maddy has built an impressive management team. I look forward to continuing to work with them, the employees, our customers and the communities we serve as we execute upon our strategy of being a premier community bank in our markets, trusted advisor to our clients and providing Service Beyond Expectations.”   
 
Charles Maddy will continue as the President and CEO of the holding company Summit Financial Group and Chairman of the Board for Summit Community Bank.  Summit Financial Group Inc., through its wholly owned subsidiary Summit Community Bank, has assets of $1.4 billion. Summit Community Bank is a diversified financial institution focused on delivering personalized, relationship-based services to consumers and businesses.  With 15 locations throughout Northern Virginia and West Virginia, Summit has the size and strength to provide customized value-added banking products and services to its customers.