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Summit Financial Group, Inc. Extends Subscription Period of Its Rights Offering of Preferred Stock

MOOREFIELD, W.Va., Sept. 9, 2011 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (Nasdaq:SMMF) announced today that it is extending by an additional 15 days the subscription period of its present offering of 8% Non-Cumulative Convertible Preferred Stock, Series 2011 pursuant to subscription rights distributed to its common shareholders (the "Offering"). Accordingly, the Offering's subscription rights will now expire at 5:00 p.m., Eastern Time, on September 30, 2011.

About the Company

Summit Financial Group, Inc. is a $1.47 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Northern and Shenandoah Valley regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates fifteen banking locations. Summit also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia.

The Summit Financial Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2990

CONTACT:  Teresa D. Ely, Director of Shareholder Relations
          Telephone: (304) 530-0526
          Email: tely@summitfgi.com

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