Summit Financial Group to merge with PSB Holding in a $54m deal.

Summit Financial Group, the $3.9bn financial holding company for Summit Community Bank, agreed to merge with PSB Holding, the holding company for Provident State Bank, a full-service bank serving the eastern shore of Maryland, in a $54m deal. "We are excited about our combination with Summit. They are a larger institution with a breadth of products and services. Summit is just as committed to community banking as we are. Together we will continue our commitment to the communities that we serve, with the personal banking experience our customers expect. By joining forces, we can continue to bring opportunities and benefits to our shareholders, customers and communities," Melissa Quirk, Provident State Bank President and CEO.