SBGA Summit Bank

Summit Bank Corporation Announces Quarterly Dividend ATLANTA, Nov. 3 /PRNewswire-FirstCall/ -- Summit Bank Corporation announced a quarterly dividend of $.13 per share payable to all shareholders of record on November 17, 2003, to be paid on November 24, 2003. Summit recently announced record quarterly earnings of $1,227,000 for third quarter 2003 compared to $1,109,000 for the same period in 2003, an increase of 11%. Earnings per share (diluted) for third quarter 2003 were $.33 compared to $.30 per share (diluted) for third quarter 2002. For the nine-month period ended September 30, 2003, Summit also reported record earnings of $3.5 million compared to $3.0 million for the same period in 2002. Earnings per share were $.92 for the current nine-month period compared to $.79 last year. Earnings per share for prior periods have been restated to reflect the November 2002, two-for-one stock split. Total assets grew to $456 million at September 30, 2003, an increase of 19% from September 30, 2002. The Company's wholly-owned subsidiary, The Summit National Bank, is an Atlanta-based community bank with full-service operations in the metropolitan areas of Atlanta, Georgia and the San Francisco Bay area of California. Summit National Bank's niche specialties include international trade finance, small business lending and service to various ethnic markets, including Asian-American, European-American and Latin-American businesses. Summit provides its diverse customer base with a multi-lingual staff proficient in over 20 languages. Summit Bank Corporation stock is listed on the Nasdaq National Market under the symbol SBGA. DATASOURCE: Summit Bank Corporation CONTACT: Gary McClung of Summit Bank Corporation, +1-770-454-0400 Web site: http://www.summitbk.com/

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