Summit Bank Moving to Larger Site

Lansing State Journal
Friday, September 17, 2004
Page: 1D
By Susan Stock

East Lansing – After about a year and a half in the business, Summit community Bank is stepping up its visibility by moving into a larger, more prominent site on Abbott Road.

The new office at 1600 Abbott Road will increase Summit’s ability to serve customers, President and Chief Executive John Abbott said.

“We’ll be able to have a drive-up teller and ATM for the first time and a night depository.” He said. “That in itself is going to be a big advantage for us.”

Summit will close the doors of its 2200 Coolidge Road office today and reopen in the new spot Monday morning.

The 8,000-square-foot office is larger, taking up the entire first floor and half of the basement.

In anticipation of the move, Summit has increased staffing to 14 from 12.

In the 21 months since it opened, Summit has grown from a start-up to a bank with $68 million in assets and a customer base that has doubled since the end of the last year, Abbot said.

“People are starting to know us now,” he said. “The name is getting recognized more and more.”

The move should help the bank continue to row, said Don Heikkinen, senior vice president for the Michigan Bankers Association.

“People expect that personal touch at smaller community banks and they get it,” he said. “Then they bring their neighbor and the business next door.”

Summit might expand even more, Abbott said, though the new office has room for growth.

“We want to get over to this office first, but we certainly are looking at branches in the future.”

Contact Susan Stock at 377-1015 or .(JavaScript must be enabled to view this email address).

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