SBGA Summit Bank

Summit Bank Corporation (Nasdaq: SBGA) announced a quarterly dividend of $.10 per share payable to all shareholders of record on May 15, 2006, to be paid on May 25, 2006. Summit recently announced first quarter 2006 earnings of $1.41 million, or $0.25 diluted earnings per share, compared to $1.31 million, or $0.23 diluted earnings per share, for the first quarter of 2005. Summit's earnings resulted in a first quarter 2006 return on average shareholders' equity of 15.20% compared to 15.06% for the same period last year. Total assets were $553.7 million at March 31, 2006, up 6.0% over the $522.3 million at March 31, 2005. 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 and two in the South Bay area of San Francisco, California. The Summit National Bank completed the purchase of Concord Bank, N.A. in Houston, Texas on April 1, 2006 for $23.7 million. Concord had approximately $120 million in assets, $96 million in loans and $108 million in deposits at the closing date. Concord Bank now operates as a division of The Summit National Bank in one location in Houston, Texas. The Summit National Bank also operates a loan production office in San Diego, California and a representative office in Shanghai, China. Summit Bank Corporation stock is listed on the Nasdaq National Market under the symbol SBGA.