Founder Colin Higgins has moved to an executive chairman role after 22 years, appointing President Alex Katz and COO Conor Wilkes to co-chief executive officers.
OAKLAND, Calif., July 07, 2026--Summit Bancshares, Inc. and its wholly owned subsidiary, Summit Bank ("Summit"), Oakland, California, announced the completion of the Purchase and Assumption transaction with San Francisco Federal Credit Union, San Francisco, California ("SFFCU") by which Summit transferred substantially all of its assets and SFFCU assumed substantially all of Summit’s liabilities.
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