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): November 1, 2004

                          Summit Financial Group, Inc.
             (Exact name of registrant as specified in its charter)


     West Virginia                   0-16587                55-0672148
   (State or Other                  (Commission           (I.R.S. Employer
   Jurisdiction)                    File Number)           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 November 1, 2004, Summit Financial Group, Inc. ("Summit") issued a News
Release announcing a two for one split of its common stock and the declaration
of its second half 2004 cash 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

         99       News Release issued on November 1, 2004




                                    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:  November 1, 2004               By:  /s/ Robert S. Tissue
                                           ------------------------------
                                             Robert S. Tissue
                                             Senior Vice President and
                                             Chief Financial Officer

EX-99

                                                                      Exhibit 99

Summit Financial Group Announces 2 for 1 Stock Split and Second Half 2004
Semi-Annual Dividend

    MOOREFIELD, W.Va.--(BUSINESS WIRE)--Nov. 1, 2004--Summit Financial
Group, Inc. (OTCBB: SMMF), a $862 million financial holding company
headquartered in Moorefield, West Virginia, today announces a two for
one split of Summit's common stock to be effected in the form of a
100% stock dividend. The stock split will be distributed on December
15, 2004 to shareholders of record as of December 1, 2004.
    In addition, Summit also announces its second half 2004
semi-annual cash dividend. The dividend will be $0.27 per share
($0.135 per share after giving effect to the pending 2 for 1 stock
split announced above) and is payable on December 15, 2004 to
shareholders of record as of December 1, 2004. This dividend combined
with the dividend paid in the first half of 2004 represents a total
cash dividend of $0.52 per share for the year ($0.26 per share
adjusted for pending stock split), an increase of 20.9% over the $0.43
per share ($0.215 per share adjusted for pending stock split) paid in
2003.
    Summit operates twelve banking locations through its three wholly
owned subsidiary banks, Summit Community Bank headquartered in
Moorefield, West Virginia, Capital State Bank, Inc. headquartered in
Charleston, West Virginia, and Shenandoah Valley National Bank in
Winchester, Virginia. In addition, Summit also operates Summit
Financial, LLC, a residential mortgage loan originator located in
Herndon, Virginia.

    CONTACT: Summit Financial Group, Inc.
             Teresa Sherman, 304-530-0526
             tsherman@SummitFGI.com