MOOREFIELD, W. Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ:SMMF) announces completion, effective April 1, 2017, of the acquisition by its subsidiary Summit Community Bank, Inc. of First Century Bankshares, Inc. and its subsidiary, First Century Bank, headquartered in Bluefield, West Virginia.
The former First Century offices will continue to operate under that name until close of business on Friday, April 21, 2017, and will commence operating under the name Summit Community Bank on Monday, April 24, 2017.
As a result of the acquisition, John H. Shott will join the Board of Directors of each of Summit and Summit Community Bank.
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