SANTA ROSA, Calif., Dec. 14, 2011 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) welcomes Bill Fogarty as their SVP Chief Credit Officer.
"We welcome Mr. Fogarty to the Summit team. Bill has an extensive background in community banking and will be a valuable resource to our staff and customers. With experience as Chief Credit Officer at multiple community banks, he will be an integral part of our growing success with our $50,000,000 Small Business Lending Program to aid our community's economy," says Tom Duryea, President and CEO of Summit State Bank.
Mr. Fogarty has over 25 years of banking experience. He has BA Degree in Business Administration and has graduated from Pacific Coast Banking School. He has a history of being engaged with his local community, including serving on many nonprofit boards. He and his wife Sheryl of 27 years have two children and one grandchild.
Summit State Bank has total assets of $395 million and total equity of $61 million at September 30, 2011. Headquartered in Sonoma County, the Bank provides diverse financial products and services throughout Sonoma, Napa, San Francisco, and Marin Counties. Summit State Bank is a Premier Performing Bank, earning the highest Findley Reports designation of all Sonoma County-based banks. Summit State Bank received the Gold Medal award for Best Business Bank from the Northbay Biz Magazine and has also been recognized as one of the North Bay's Best Places to Work by the North Bay Business Journal. Summit State Bank's stock is traded on the Nasdaq Global Market under the symbol SSBI. Further information can be found at www.summitstatebank.com.