Summit Financial Group (SMMF) Declares $0.08 Quarterly Dividend; 2.8% Yield
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Summit Financial Group, Inc. Announces Termination of Holding Company MOU
February 27, 2015 5:59 AM ESTMOOREFIELD, W.Va., Feb. 27, 2015 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. ("Summit" or "Company") announced today that the Federal Reserve Bank of Richmond and the West Virginia Division of Financial Institutions have terminated their informal memorandum of understanding with Summit entered into on November 6, 2009 (the "Holding Company MOU"). The Company previously announced on November 26, 2014 that the West Virginia Division of Financial Institutions and the Federal Deposit Insurance Corporation had terminated their informal memorandum of understanding with Summit Community Bank, Inc. entered into on September 24, 2009 (the "Bank MOU").
"We are pleased that our regulators have acknowledged the significant... More
