SBGA Summit Bank

Summit Bank Corporation (NASDAQ:SBGA) today announced the election of Ning Weng to its Board of Directors. Mr. Weng is the former Chairman of the Board, President and Chief Executive Officer of Concord Bank, N.A. in Houston, Texas which was acquired by Summit on April 1, 2006. Mr. Weng's distinguished banking career spans 30 years. He was credited with transforming the former failing Asian American National Bank into the strong performing Concord Bank prior to the acquisition by Summit. He will continue to serve as President and Chief Executive Officer of Concord Bank, now a division of Summit National Bank. Summit also announced the retirement of H.A. "Alec" Dudley, Jr., its Executive Vice President and Chief Lending Officer effective June 30, 2006. Mr. Dudley has served in that capacity for 15 years, and completes a banking career spanning 35 years. Mr. Dudley stated, "Since I joined Summit in 1991, I have enjoyed my critical role in our growth and my rewarding relationships with our customers and my colleagues on the Summit team." David Yu, Chairman of the Summit National Bank, will assume responsibilities as Acting Chief Lending Officer until a successor is identified for the lending functions and he will be assisted by Vice President of Credit Administration, Tony Finelli. Summit Bank Corporation is the parent company of The Summit National Bank, a nationally chartered full-service community bank specializing in the small business and international trade finance markets. It currently operates five branches in the metropolitan Atlanta area, two in the South Bay area of San Francisco, California, and Concord Bank, a division of the Summit National Bank in Houston, Texas. Summit also operates a loan production office in San Diego, California and a representative office in Shanghai, China. This release contains forward-looking statements including statements relating to present or future trends or factors generally affecting the banking industry and specifically affecting Summit's operations, markets and products. Without limiting the foregoing, the words "believes," "anticipates," "intends," "expects," or similar expressions are intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected for many reasons, including, without limitation, changing events and trends that have influenced Summit's assumptions, but that are beyond Summit's control. These trends and events include (i) changes in the interest rate environment which may reduce margins, (ii) not achieving expected growth, (iii) less favorable than anticipated changes in the international, national and local business environments and securities markets, (iv) adverse changes in the regulatory requirements affecting Summit, (v) greater competitive pressures among financial institutions in Summit's markets, (vi) greater loan losses than historic levels, a (vii) difficulties in integrating the operations of Concord Bank, N.A. with those of Summit, and (viii) difficulties in expanding into a new geographic market. Additional information and other factors that could affect future financial results are included in Summit's Annual Report on Form 10-K and its filings with the Securities and Exchange Commission.