1st Summit Bank

What 1st Summit Bank does

1st Summit Bank is a 100-year-old FDIC-insured community bank headquartered in Johnstown, Pennsylvania, operated through holding company 1st Summit Bancorp and wholly-owned subsidiary 1st Summit Trust and Investment Services. Founded in 1924 as Salix State Bank in Dunlo, PA and renamed 1st Summit Bank in 1996, the franchise spans 17 full-service community offices across Blair, Cambria, Westmoreland, Somerset, and Indiana counties in western Pennsylvania, including two in-store offices inside Walmart Supercenters. The bank serves individual consumers, small-to-medium businesses, home buyers and owners, senior customers (60+), and wealth-management clients, with a stated relationship-based GTM emphasizing local decision-making over transaction banking.

The bank's core product set covers personal and business checking and savings (including tiered 1st PERKS subscription checking priced from $5.95 to $9.95 per month), CDs (notably a promotional 3.50% APY 2-Year Step-Up CD), residential mortgages and home equity products, commercial real estate and equipment loans, treasury management (Remote Deposit Capture, Merchant Services, business online and mobile), and trust and investment services. Distribution is hybrid: a 17-branch physical network supplemented by online and mobile banking (with mobile deposit, eStatements, bill pay, and debit-card alerts), the third-party-powered MyCardRules debit-card management app, digital wallet support, and a Sheetz ATM partnership providing fee-free access to 850+ ATMs nationwide. Marketing leans on community involvement (1st Summit Arena naming rights, Johnstown Symphony Orchestra, financial-literacy in schools, PRIME Connections for seniors) and a workplace culture recognized in 2024 with Best Banks to Work For and Best Places to Work in PA designations.

Economically, the bank earns primarily from net interest income (NIM of 2.38% in Q4 2025, up 4 bps) supported by 14.1% annualized organic loan growth, supplemented by recurring fee income from checking-account subscriptions, merchant services, and trust and investment fees. Quarterly net income was $1.7M in Q4 2025 and $2.3M in Q1 2026, with strong credit quality and no significant charge-offs. Most recent strategic actions include the December 2025 purchase agreement for the Crown American building in downtown Johnstown (one of the bank's largest capital commitments in its century-long history), the May 2026 launch of the ASCEND 250 leadership-pipeline program, and the activation of the Sheetz ATM relationship in October 2025.

Name

1st Summit Bank

Legal name

1st Summit Bancorp and 1st Summit Bank

Website

https://1stsummit.bank

Company type

Private

Founded year

1924

Operating status

Operating

Headcount range

101–250 employees

Short description

1st Summit Bank is a 100-year-old FDIC-insured community bank headquartered in Johnstown, Pennsylvania, operating 17 full-service community offices across five western Pennsylvania counties and offering personal and business banking, mortgages, commercial lending, and trust and investment services to consumers, small businesses, and seniors.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

akta.pro secondary industries

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA), Affluent/Premier Retail Banking (Mass Affluent) (FSABAAAG)

Keywords

• Community banking
• Residential mortgages
• Commercial lending
• Trust investment services
• Digital banking

Headquarters

HQ city

Johnstown

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income generated from lending activities including organic loan growth of 14.1% annualized. Net interest margin expanded 4 basis points to 2.38% in Q4 2025. Core banking revenue from residential mortgages, commercial real estate, equipment loans, and home equity products.
2. Non-Interest Income: Fee income from checking account maintenance (Plus Checking $6.95/month, Peak Checking $9.95/$7.95 with eStatements, Prime Checking $7.95/$5.95 with direct deposit), merchant services, trust and investment services, and other banking service charges.
3. Deposit Products: Certificate of Deposit products including promotional 2-year CD at 3.50% APY with minimum $1,000 deposit. Savings accounts and money market accounts for retail and business customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

1st Summit Bank is a western Pennsylvania community bank offering personal and business banking, including checking and savings accounts, CDs, residential mortgages, home equity and personal loans, commercial real estate and equipment financing, plus trust and investment services. It delivers these through 17 full-service community offices and digital banking channels.

Product overview

1st Summit Bank is a community bank offering a unified portfolio of personal and business banking products. The core offerings include Personal Checking & Savings (with premium 1st PERKS tiers), Business Checking & Savings with Treasury Management, and Residential/Commercial Lending (Mortgages, Home Equity, Personal Loans, Commercial Real Estate). Digital banking is provided through Online & Mobile Banking, the MyCardRules debit card app, Digital Payments/Bill Pay, and financial planning tools (Calculators). Wealth management is delivered via Trust & Investment Services. The 1st PERKS program, powered by BaZing, adds value through discounts and protection services. The bank operates 17 full-service community offices across Pennsylvania and recently expanded through the Crown American building acquisition.

Differentiator

Problem solved

Functional benefit

Brands

• 1st PERKS Checking: Checking account with money-saving benefits including local/national discounts, buyer's protection, cell phone protection, roadside assistance, and ID theft aid
• MyCardRules
• Prime Connections

Products and services

• Personal Checking & Savings Personal checking and savings accounts including Personal Checking, Personal Savings, and CDs with various tiers and interest rates for individual consumers.
• 1st PERKS Checking Premium checking accounts (Plus, Peak, Prime tiers) connecting to the 1st PERKS app for local/national discounts, buyer's protection, cell phone protection, roadside assistance, and bill negotiation services.
• 2-Year Step-Up CD 24-month certificate of deposit with 3.50% APY featuring a one-time step-up option if rates increase, requiring a minimum $1,000 new-money deposit.
• Business Checking & Savings Business banking accounts with digital convenience and cash management tools, including Business Checking and Business Savings & CDs.
• Treasury Management Cash management solutions including Merchant Services, Business Online & Mobile, and Remote Deposit Capture for business customers.
• Mortgages Residential mortgage loans including First Lien Owner Occupied products with Great 'Going' Rates and Best 'Relationship' Rates, plus a First Time Home Buyer Program.
• Home Equity Loans & Lines of Credit Home equity term loans and lines of credit using residential property as collateral, with first lien and junior lien options and relationship rate discounts.
• Personal Loans Unsecured personal loans for purposes including bill consolidation, sewer line upgrades, auto, and other personal needs.
• Commercial Real Estate & Business Loans Commercial lending products including Commercial Real Estate loans, Equipment Loans & Leasing, and general Business Loans for business customers.
• Online & Mobile Banking Digital banking platform enabling 24/7 account access, balance checks, bill pay, fund transfers, mobile deposit, eStatements, and debit card alerts with advanced security features.
• MyCardRules Debit Card App Mobile app (powered by JHA) enabling real-time debit card management including card on/off controls, spending limits by dollar amount or merchant type, instant alerts, and location-based restrictions.
• Trust & Investment Services Wealth management services including financial strategies, managing investments, saving for college, retirement preparation, estate planning, and business continuity solutions through 1st Summit Trust and Investment Services.
• Prime Connections Exclusive community banking program for customers 60+ featuring Prime Checking with discounted group travel, holiday galas, a private Facebook group, and monthly financial/lifestyle tips.
• Digital Payments & Bill Pay Digital payment solutions including Bill Pay, digital wallet support, and eStatements for secure electronic transactions.

Quantifiable outcome

• 14.1% annualized organic loan growth in Q4 2025
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core, flagship and minor.

• SheetzcoreStrategic or Co-development Partner · 1 October 2025Fee-free ATM access partnership allowing all 1st Summit Bank debit card holders to use any Sheetz ATM (850+ locations nationwide) without paying surcharge fees or foreign ATM fees. This partnership significantly expands the bank's ATM network and customer convenience.
• 1st Summit Arena @ The Johnstown War MemorialflagshipGTM or Marketing PartnerNaming rights partnership for the 1st Summit Arena, the community's hub for family entertainment in Johnstown. This partnership demonstrates the bank's commitment to the local community and provides brand visibility.
• Pasquerilla Family / Crown American BuildingcoreOthersPurchase agreement signed for the Crown American building in downtown Johnstown. The Pasquerilla family built the landmark building. This represents a major strategic investment for the bank's expansion and commitment to downtown Johnstown.
• Johnstown Symphony OrchestraminorStrategic or Co-development PartnerCommunity arts support through sponsorship of the Johnstown Symphony Orchestra as part of the bank's commitment to arts and culture in the community.
• Community Arts Center of Cambria CountyminorStrategic or Co-development PartnerCommunity arts support through sponsorship of the Community Arts Center of Cambria County.
• American Heart AssociationminorStrategic or Co-development PartnerHealth initiative partnership supporting the American Heart Association and related fundraising efforts.
• Red CrossminorStrategic or Co-development PartnerHealth and social services support through partnership with the Red Cross.
• Special OlympicsminorStrategic or Co-development PartnerCivic organization support through partnership with Special Olympics.
• United WayminorStrategic or Co-development PartnerCivic organization support through partnership with United Way.
• Salvation ArmyminorStrategic or Co-development PartnerCivic organization support through partnership with Salvation Army.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• First Commonwealth Financial Corporation: Indiana, PA-headquartered community bank with branches across western and central Pennsylvania offering comparable deposit, lending, and wealth management products. Direct competitor in overlapping western PA counties including Indiana County.
• AmeriServ Financial: Johnstown, PA-based community bank holding company with AmeriServ Trust and banking subsidiaries, operating in the same local market as 1st Summit. Closest geographic peer with similar community banking focus.
• Emclaire Financial Corp: Small Pennsylvania community bank holding company operating Farmington National Bank in western PA. Similar-size community bank with comparable deposit and loan products in regional PA markets.
• S&T Bank: Pennsylvania-based community bank operating across western and central PA with similar full-service personal and business banking, commercial lending, and wealth management offerings. Directly comparable regional community banking competitor.
• CNB Financial Corporation: Pennsylvania-based community bank holding company with comparable personal and business banking, commercial lending, and wealth services across central and northern PA. Similar-sized community bank peer.

Regional players

• Univest Financial Corporation: Pennsylvania-headquartered community bank with comparable personal and business banking and commercial lending focus. Regional peer operating in PA with similar customer profile and product set.
• First Keystone Corporation: Pennsylvania-based community bank holding company operating branches in northeastern and central PA. Similar small-cap community banking model with consumer, mortgage, and business banking.
• Penns Woods Bancorp: Pennsylvania community bank holding company with retail banking, commercial lending, and wealth management. Comparable size and community bank operating model in PA.

Broad incumbents

• F.N.B. Corporation (First National Bank): Large regional bank headquartered in Pittsburgh with extensive western PA branch presence, offering full personal, business, and commercial banking services. Larger incumbent competitor in overlapping markets.
• Citizens Financial Group: Large regional bank with significant Pennsylvania presence offering personal, business, and wealth management services. Larger incumbent competitor with greater scale and product breadth.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/1stsummitbank
• LinkedInlinkedin.com/company/1st-summit-bank
• Instagraminstagram.com/1stsummitbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1st Summit Bank