Summit Financial Group (SMMF) Announces Completion of Highland County Bankshares Acquisition
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Summit Financial Group, Inc. (Nasdaq: SMMF) announces completion, effective October 1, 2016, of the acquisition by its subsidiary Summit Community Bank, Inc. of Highland County Bankshares, Inc. and its subsidiary, First and Citizens Bank, headquartered in Monterey, Virginia.
The former First and Citizens offices will continue to operate under that name until close of business on Friday, December 2, 2016, and will commence operating under the name Summit Community Bank on Monday, December 5, 2016.
As a result of the acquisition, Kyle E. Almond will join the Board of Directors of each of Summit and Summit Community Bank.
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