Skip to main content

Change in Leadership at Summit State Bank; Allan J. Hemphill retires, and James Brush succeeds as Chairman of the Board of Directors

SANTA ROSA, Calif., June 08, 2020 (GLOBE NEWSWIRE) — Summit State Bank (NASDAQ: SSBI) Chairman of the Board, Allan J. Hemphill confirmed his retirement at today’s Board of Director’s Meeting.  Hemphill joined the Board of Directors in 1999 and had held the position of Chairman of the Board since 2011.  He continues as President of Hemphill and Associates, a winery consulting and management firm, since 1999.
The Board has named current Board Member, James Brush, to fill the role of Chairman of the Board. Brush was appointed to the Board in 2009 and has served on several Board Committees including Audit, ALCO and Loan, of which he was Chairman.  Jim also was President and Chief Executive Officer for four years until he retired in April 2020. In addition, Brian Reed was appointed to its Board of Directors.“On behalf of the entire board and shareholders, it is with sincere appreciation that we recognize Allan for his dedication and service for the past 21 years. In collaboration with the Board, the Bank has experienced significant growth under Allan’s tenure. I am grateful to have worked closely with Allan and am looking forward to assuming the role of Chairman of the Board,” said James Brush, incoming Chairman of the Board of Summit State Bank.“It has been an honor and a pleasure to serve on the Board for more than two decades and as the Chairman of the Board of Summit State Bank for nine years.  I am confident that our dedicated team of experienced bankers are going to continue serving our customers and community with a continued focus of delivering first-rate customer service.  I am very proud of our team and will continue to admire their accomplishments from afar,” said Allan J. Hemphill, retiring Chairman of the Board.About Summit State Bank

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.