End of the year numbers are in and things are looking good for East Lansing-based Summit Community Bank.
Summit Community Bank ended 2007 with total assets of $155.8 million, up from $133 million in 2006. The bank also closed 50 percent more loans than it did in 2006, raking in $56.4 million in loans.
“We celebrated our fifth year of existence in East Lansing and opened our second office in Okemos,” says Summit Community Bank President and CEO John Abbott. “I am pleased to report that our growth remains strong and the quality of our loan portfolio is excellent.”
Source: John Abbott, Summit Community Bank
Ivy Hughes, development news editor, can be reached here.
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