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Ticker:SBIT
Company Name: Summit Bancshares, Inc.

Business Overview from 10-K filing for Summit Bancshares, Inc.:

Summit Bancshares, Inc. (the “Corporation”) was incorporated under the laws of the state of Texas in 1979. The Corporation is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), and became a financial holding company under the Gramm-Leach-Bliley Act (the “GLB Act”) in February 2002. The Corporation maintains its principal executive offices at 3880 Hulen Street, Suite 300, Fort Worth, Texas 76107. At December 31, 2004, the Corporation had consolidated total assets of $989.1 million, consolidated total loans of $702.6 million, consolidated total deposits of $792.3 million and consolidated total shareholders’ equity of $74.5 million. The Corporation’s principal activity is the ownership and management of its direct and indirect wholly-owned subsidiaries, Summit Delaware Financial Corporation, Summit Bank, National Association (the “Bank”) and SIA Insurance Agency, Inc. (“SIA”).     

View the full SBIT chart at Wikinvest

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