By GlobeNewswire, February 26, 2013, 07:00:00 PM EDT
SANTA ROSA, Calif., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) appointed Brad Baker to its Board of Directors. Mr. Baker joined the Board February 25, 2013.
"We welcome Mr. Baker as a Director. His extensive experience and dedication to our local business and nonprofit community is incredibly valuable and appreciated by Summit and our Board," states Allan Hemphill, Summit State Bank's Chairman of the Board of Directors.
Mr. Baker is the President and CEO of Codding Investments, an investment holding company in Santa Rosa with investments in commercial real estate, a commercial construction company, alternative energy and a subsidiary that develops deeply sustainable mixed-use communities. In addition to his work at Codding, Baker is co-founder and chairman of Community Fuels Inc., an alternative energy company, and he formed the Sonoma Mountain Business Cluster in 2006 to foster start-up companies in the North Bay Region of California. In addition he is on the board of Aspen Air Inc., a maker of high performance air filters.
Brad graduated with distinction in Economics from San Diego State University in 1988.
Summit State Bank has total assets of $445 million and total equity of $63 million at December 31, 2012. 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 Top Performing Bank, earning the highest Findley Reports designation of all Sonoma County-based banks. Summit State Bank received the 2012 National Community Bank Award from the American Bankers Association for its work with nonprofits. In addition, Summit has been recognized with the Gold Medal award for Best Business Bank from the Northbay Biz Magazine and 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.
CONTACT: Thomas Duryea
President and CEO
Summit State Bank
Source: Summit State Bank