Tom Duryea becomes CEO at Summit Bank in Oakland

Tom Duryea, who resigned in April from Santa Rosa’s Summit State Bank, has landed a new job.|
ROBERT DIGITALE
THE PRESS DEMOCRAT

Tom Duryea, former chief executive at Santa Rosa-based Summit State Bank, has become the new CEO of Summit Bank, the Oakland bank announced Tuesday.

The two banks are distinct, though similar in name.

Duryea led the Santa Rosa bank for eight years before resigning in April under pressure from its largest shareholder, board member Marshall Reynolds, who wanted better growth. During Duryea’s time, he oversaw an increase in Summit State’s market value to $64 million from $38 million, with assets growing to $520 million, the Oakland bank said in a press release.

Shirley Nelson, Summit’s board chairman, said in a statement that Duryea’s “successful track record of building one of the top community banks in the state, brand building and client development will serve us well as we chart our path forward.”

The 35-year-old Summit has $234 million in assets.

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