John H. Shott J.D. serves as Independent Director of the Company. He has served as a member of the Board of Directors of the Company and Summit’s banking subsidiary since April, 2017. Mr. Shott served on the First Century Bankshares, Inc. Board of Directors since 1999 where he served as a member of its Compensation Committee and the Trust Committee of First Century Bank, First Century Bankshares, Inc.’s banking subsidiary. Mr. Shott brings to our Board relevant experience with legal and regulatory compliance issues. Mr. Shott obtained his law degree from the University of North Carolina, Chapel Hill and has been practicing law since September, 1975, retiring in 2015. Mr. Shott is a member of the West Virginia House of Delegates - 27th District and serves as Chairman of its Judiciary Committee. Mr. Shott is also a member of the Board of Directors of several non-profit entities and community organizations. Mr. Shott is a member of the Asset/Liability and Funds Management Committee and the Profit Sharing Committee.
As the Independent Director of Summit Inc, the total compensation of John Shott at Summit Inc is $16,600. There are 19 executives at Summit Inc getting paid more, with H. Charles Maddy having the highest compensation of $1,140,710.
John Shott is 71, he's been the Independent Director of Summit Inc since 2017. There are 1 older and 24 younger executives at Summit Inc. The oldest executive at Summit Financial Group Inc is Dewey Bensenhaver, 73, who is the Independent Director.
John's mailing address filed with the SEC is 422 OAKHURST AVENUE, , BLUEFIELD, WV, 24701.
Over the last 21 years, insiders at Summit Inc have traded over $4,773,269 worth of Summit Inc stock and bought 227,671 units worth $6,377,691 . The most active insiders traders include Gary L Hinkle, Jeffrey E. Hott e H Charles Iii Maddy. On average, Summit Inc executives and independent directors trade stock every 21 days with the average trade being worth of $74,556. The most recent stock trade was executed by Charles Piccirillo on 3 May 2024, trading 7,793 units of SMMF stock currently worth $200,280.
summit financial group, inc. is a financial holding company which provides community banking and insurance services . summit’s community banking operations consist of 15 banking offices located in the eastern panhandle and south central regions of west virginia and in the shenandoah valley and northern regions of virginia. summit financial group inc.’s affiliate entities are: summit community bank, a state chartered community bank , and summit insurance services, llc, a full lines insurance agency.
Summit Inc executives and other stock owners filed with the SEC include: