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Summit Financial Group Mergers & Acquisitions

Summit Financial Group M&A Summary

Summit Financial Group has acquired 7 companies, including 2 in the last 5 years. It has also divested 1 asset.

Summit Financial Group’s largest acquisition to date was in 2022, when it acquired PSB Holding for $54M. Summit Financial Group has acquired in 4 different US states. The Company’s most targeted sectors include financial services (86%) and insurance (15%).

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Summit Financial Group

Summit Financial Group, Inc.

300 North Main Street,
Moorefield, West Virginia 26836
United States,
(304) 530-1000
www.summitfgi.com

All (8) Buy (7) Sell (1)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2022-12-12 Provident State Bank · Financial Services
Preston, Maryland · www.providentstatebank.com

Provident State Bank is a full-service bank serving the eastern shore of Maryland that has ten branch locations in Preston, Federalsburg, Ridgely, Denton, Easton-Elliot Road, Easton-Harrison Street, Secretary, Cambridge, Salisbury, and Lewes (Delaware). Provident State Bank was founded in 1904 and is based in Preston, Maryland.

Advisors: Holland & Knight , Piper Sandler & Co. 		54 Merger

Summit Financial Group
Advisor: Bowles Rice

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