Summit Bank Eyes Fayetteville LPO (Whispers)

Another new player is poised to enter the Northwest Arkansas market when Arkadelphia-based Summit Bank will be opening a loan production office in Fayetteville.

That operation eventually will convert into a full-blown branch if past patterns hold true to from and once business grows large enough to support a full-service office.

Some might wonder about the timing of Summit’s entry into the market, with the backdrop of real estate loans gone sour.

“The lending market has returned to earth,” our Summit insider observes.

With a loud crash in some cases.