Summit State Bank Comments on Big Poppy Bancorp, Inc.’s Federal Reserve Application
2023年7月27日 - 10:00PM
Summit State Bank (Nasdaq: SSBI) (“Summit”) announced today that it
is aware that Big Poppy Holdings, Inc. (“Poppy”) has published a
notice stating that it holds 332,464 shares of Summit’s common
stock, which is approximately 4.9% of the outstanding shares, and
that it intends to file an application with the Federal Reserve
Board to acquire up to 24.99% of Summit’s common stock. Poppy is
the holding company for Poppy Bank, which is headquartered in Santa
Rosa, California.
Summit State Bank’s Board of Directors will
review Poppy’s application and may comment on or respond to the
application in due course.
About Summit State Bank
Founded in 1982 and headquartered in Sonoma
County, Summit State Bank (Nasdaq: SSBI), is an award-winning
community bank servicing the North Bay. Summit serves small
businesses, nonprofits, and the community, with total assets of
$1,161 million and total equity of $94 million at June 30, 2023.
Summit has built its reputation over the past 40 years by
specializing in providing exceptional customer service and
customized financial solutions to aid in the success of its
customers.
Summit State Bank is dedicated to investing in
and celebrating the diverse backgrounds, cultures and talents of
its employees to create high performance and support the evolving
needs of its customers and community it serves. Summit has been
consistently recognized for its achievements and has been awarded
Best Places to Work in the North Bay, Top Community Bank Loan
Producer, Raymond James Bankers Cup, Super Premier Performing Bank,
the Piper Sandler SM-ALL Star Award, and the Independent Community
Bankers of America’s Best-Performing Community Banks. For more
information, visit www.summitstatebank.com.
Contact: Brian Reed, President and CEO,
Summit State Bank (707) 568-4908
Summit State Bank (NASDAQ:SSBI)
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過去 株価チャート
から 12 2023 まで 12 2024