In September 2011, long time Tulsa bankers Gip Gibson and Ray Baumgarten joined the bank as Chief Operating Officer and Executive Vice president, respectively. Gibson also serves as Chief Loan Officer and sits on the Board of Directors. Both office in Tulsa.
Gibson's banking career spans almost 30 years, holding leadership positions as President of Tulsa National Bank and SVP/Commercial Lending Team Leader of Arvest Bank. He has been active in the non-profit community, serving as past board member of the American Lung Association, Big Brothers/Big Sisters, and Family & Children's Services. Gibson is also a former board member of the Oklahoma Bankers Association. He is a member of the First United Methodist Church, serving as Chair of the Finance committee.
"I have known Mark Poole, Paige Miller, Wade, and other associates for years and have a world of respect for them, as well as the members of their board. Summit's formula of diverse local ownership has been a solid basis for success in its business and professional niche", said Gibson.
Baumgarten has been in the banking industry for more than 35 years. His leadership positions include EVP of Tulsa National, and SVP of Commercial Real Estate Lending at Arvest Bank. His past civic/professional activities include board member of Big Brothers/Big Sisters of Green Country, serving as Chairman of their annual fundraiser "A Taste of Tulsa" for 3 consecutive years; and past board member of the Associates Council of the Homebuilders Association of Tulsa. Baumgarten is currently a member of the Board of Trustees for Sigma Chi International Fraternity and a member of First Presbyterian Church.
"We are thrilled to have these two individuals join our institution" said Wade Edmundson, CEO. "Gip is widely known to possess as much integrity as any banker in this market place and has been a strong leader over the past eight years for a good bank. Also, to have an individual like Ray with his relationship and banking skills certainly adds value for our shareholders. We are fortunate that Summit was in a position to take advantage of market opportunities", Edmundson said. "With our strong earnings, asset quality, and capital base, our board encouraged us to look at alternative ways to grow at a greater pace. Gip and Ray have had a real impact on the growth and success of our bank."