Oscar Bean Net Worth

The estimated Net Worth of Oscar M Bean is at least $2.79 Million dollars as of 3 May 2024. Mr. Bean owns over 2,066 units of Summit Inc stock worth over $2,194,780 and over the last 21 years he sold SMMF stock worth over $522,626. In addition, he makes $74,741 as Independent Chairman of the Board at Summit Inc.

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Mr. Bean SMMF stock SEC Form 4 insiders trading

Oscar has made over 20 trades of the Summit Inc stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 2,066 units of SMMF stock worth $53,096 on 3 May 2024.

The largest trade he's ever made was selling 5,000 units of Summit Inc stock on 15 August 2016 worth over $100,650. On average, Oscar trades about 767 units every 116 days since 2003. As of 3 May 2024 he still owns at least 85,400 units of Summit Inc stock.

You can see the complete history of Mr. Bean stock trades at the bottom of the page.

Oscar Bean biography

Oscar M. Bean serves as Independent Chairman of the Board of the Company. He has served as a member of the Board of Directors of the Company since 1987 and has served as a member of the Board of Directors of Summit’s banking subsidiary since 1978. Mr. Bean was named Chairman of the Board of the Company in 1995, and has served in this capacity for the last 24 years. Mr. Bean is a lawyer and was formerly the prosecuting attorney of Hardy County, West Virginia. Mr. Bean served on the Board of the Moorefield Scholarship Fund and served as a member of the West Virginia University College of Law Visiting Committee. Mr. Bean is currently the Chairman of the Eastern West Virginia Community and Technical College Foundation, a member of the Hardy County Community Foundation Board and is a Partner of Bean & Bean, Attorneys at Law. Since March, 2017, Mr. Bean has been a member of the West Virginia Supreme Court’s Character Committee which interviews applicants who seek to be admitted to practice law in the State of West Virginia. Mr. Bean also chairs the Executive Committee and Compensation and Nominating Committee and is a member of the Asset/Liability and Funds Management Committee.

What is the salary of Oscar Bean?

As the Independent Chairman of the Board of Summit Inc, the total compensation of Oscar Bean at Summit Inc is $74,741. There are 10 executives at Summit Inc getting paid more, with H. Charles Maddy having the highest compensation of $1,140,710.

How old is Oscar Bean?

Oscar Bean is 69, he's been the Independent Chairman of the Board of Summit Inc since 1995. There are 3 older and 22 younger executives at Summit Inc. The oldest executive at Summit Financial Group Inc is Dewey Bensenhaver, 73, who is the Independent Director.

What's Oscar Bean's mailing address?

Oscar's mailing address filed with the SEC is PO BOX 30, , MOOREFIELD, WV, 26836.

Insiders trading at Summit Inc

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, and 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.

What does Summit Inc do?

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.

Complete history of Mr. Bean stock trades at Summit Inc

Summit Inc executives and stock owners

Summit Inc executives and other stock owners filed with the SEC include:

• H. Charles Maddy,
  President, Chief Executive Officer, Director
• Scott Jennings,
  Chief Operating Officer, Executive Vice President
• H. Charles Maddy III,
  Vice Chairman, Pres & CEO
• Robert Tissue,
  Chief Financial Officer, Executive Vice President
• Bradford Ritchie,
  Executive Vice President of Summit Financial Group and President of Summit Community Bank
• Patrick Frye,
  Executive Vice President, Chief of Credit Administration
• Bradford E. Ritchie,
  Exec. VP & Pres of Summit Community Bank
• Scott C. Jennings,
  Exec. VP & COO
• Robert S. Tissue,
  Exec. VP & CFO
• Patrick N. Frye,
  Exec. VP & Chief of Credit Admin.
• Oscar Bean,
  Independent Chairman of the Board
• Gary Hinkle,
  Independent Director
• John Gianola,
  Independent Director
• Charles Piccirillo,
  Independent Director
• John Crites,
  Independent Director
• Georgette George,
  Independent Director
• Jason Kitzmiller,
  Independent Director
• James Geary,
  Independent Director
• J. Scott Bridgeforth,
  Independent Director
• John Shott,
  Independent Director
• James Cookman,
  Independent Director
• Dewey Bensenhaver,
  Independent Director
• Teresa Ely,
  IR Contact Officer
• Ronald Spencer,
  Independent Director
• Ronald Bowling,
  Director
• Lorraine L. Brisell,
  Market Pres
• Patricia L. Owens,
  Exec. VP & Chief Banking Officer
• Danyl R. Freeman,
  Exec. VP & Chief HR Officer
• Julie R. Markwood,
  Sr. VP & Chief Accounting Officer
• Patricia L Owens,
  Ex. VP & Chief Banking Officer
• Duke A Mcdaniel,
  Director
• Jeffrey E. Hott,
  Director
• Thomas J Iii Hawse,
  Director
• Gerald W Huffman,
  Director
• Frank A Iii Baer,
  Director
• Ronald F Miller,
  President of Subsidiary Bank
• C David Robertson,
  President of Subsidiary Bank
• Douglas T Mitchell,
  Sr. VP & CBO
• George R Jr Ours,
  Director
• Phoebe F Heishman,
  Director
• George W. Pace,
  Director
• John W Crites,
  Director
• James P Geary,
  Director
• Kyle E Almond,
  Director
• Jill S Upson,
  Director
• Danyl R Freeman,
  EVP & Chief Human Resources Of
• Julie R Markwood,
  EVP & Chief Accounting Officer
• Joseph Hager,
  EVP & Chief Risk Officer
• Lauren N. Kimlel,
  EVP & Chief Banking Officer
• Angela R Zirk,
  EVP & Chief Experience Officer
• David Wilson,
  Director