On September 5, 2013, Douglas T. Mitchell, Senior Vice President and Chief Banking Officer of Summit Financial Group Inc., and Chief Executive Officer of the company's wholly owned subsidiary, Summit Community Bank Inc. resigned effective October 4, 2013. Mr. Mitchell's resignation did not result from any disagreement with the company on any matter relating to the company's operations, policies or
practices. Mr. Mitchell has accepted a position as President and Chief Executive Officer of a financial institution located in Maryland.