SUMMIT BANK CORP

expiry = 2002-03-15...HASE FOR CASH UP TO 180,000 SHARES OF SUMMIT BANK CORPORATION COMMON STOCK AT A PURCHASE PRICE NOT IN EXCESS OF $17.00 NOR LESS THAN $14.00 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, ATLANTA TIME, ON FRIDAY, MARCH 15, 2002, UNLESS THE OFFER IS EXTENDED. Summit Bank Corporation, a Georgia corporation, invites its shareholders to tender up to 180,000 shares of its common stock, for purchase by Summit at a price not in excess of $17.00 nor less than $14.00 per...

expiry = 2002-03-15...HASE FOR CASH UP TO 180,000 SHARES OF SUMMIT BANK CORPORATION COMMON STOCK AT A PURCHASE PRICE NOT IN EXCESS OF $17.00 NOR LESS THAN $14.00 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, ATLANTA TIME, ON FRIDAY, MARCH 15, 2002, UNLESS THE OFFER IS EXTENDED. Summit Bank Corporation, a Georgia corporation, invites its shareholders to tender up to 180,000 shares of its common stock, for purchase by Summit at a price not in excess of $17.00 nor less than $14.00 per...

listed = True...e discretion, to purchase more than 180,000 shares pursuant to the offer. See Section 15. THE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO OTHER CONDITIONS. SEE SECTION 7. The shares are listed and traded on the Nasdaq Stock Market under the symbol "SBGA." On February 4, 2002, the latest practicable trading day on which the shares were traded on the Nasdaq Stock Market prior to the announcement of the terms of the offer, the closing per share sales price as reported by The Wall Street Journal was $14.85. Shareholders are urged to obtain current market...

listed = True...e discretion, to purchase more than 180,000 shares pursuant to the offer. See Section 15. THE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO OTHER CONDITIONS. SEE SECTION 7. The shares are listed and traded on the Nasdaq Stock Market under the symbol "SBGA." On February 4, 2002, the latest practicable trading day on which the shares were traded on the Nasdaq Stock Market prior to the announcement of the terms of the offer, the closing per share sales price as reported by The Wall Street Journal was $14.85. Shareholders are urged to obtain current market...

mechanism = DUTCH...ce will be purchased on a pro rata basis, except for "odd lots," which will be purchased on a priority basis. HOW MUCH WILL SUMMIT PAY ME FOR MY SHARES AND IN WHAT FORM OF PAYMENT? (PAGE 16) Summit is conducting the offer through a procedure commonly called a modified "Dutch Auction." - This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for this offer is $14.00 to $17.00. - Summit will determine the lowest single price per share within the price range that will allow it to purchase 180,000 shares, or if fewer shares are tendered,...

mechanism = DUTCH...ce will be purchased on a pro rata basis, except for "odd lots," which will be purchased on a priority basis. HOW MUCH WILL SUMMIT PAY ME FOR MY SHARES AND IN WHAT FORM OF PAYMENT? (PAGE 16) Summit is conducting the offer through a procedure commonly called a modified "Dutch Auction." - This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for this offer is $14.00 to $17.00. - Summit will determine the lowest single price per share within the price range that will allow it to purchase 180,000 shares, or if fewer shares are tendered,...

must_tender_all = True...een $14.00 and $17.00. If more than 180,000 shares are properly tendered at prices at or below the purchase price, the shares will be purchased in the following order: - First, Summit will purchase shares from all holders of "odd lots" of less than 100 shares who properly tender all of their shares at or below the selected purchase price; and - Second, after purchasing all shares from the "odd lot holders," subject to the conditional tender provisions described in Section 6, Summit will then purchase shares from all other shareholders who properly tender shares at or below the selected purchase price, on a pro rata basis. In additi...

must_tender_all = True...een $14.00 and $17.00. If more than 180,000 shares are properly tendered at prices at or below the purchase price, the shares will be purchased in the following order: - First, Summit will purchase shares from all holders of "odd lots" of less than 100 shares who properly tender all of their shares at or below the selected purchase price; and - Second, after purchasing all shares from the "odd lot holders," subject to the conditional tender provisions described in Section 6, Summit will then purchase shares from all other shareholders who properly tender shares at or below the selected purchase price, on a pro rata basis. In additi...

price = USD 14.0-17.0...cedure commonly called a modified "Dutch Auction." - This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for this offer is $14.00 to $17.00. - Summit will determine the lowest single price per share within the price range that will allow it to purchase 180,000 shares, or if fewer shares are tendered, all shares tendered. - All shares purchased will be purch...

price = USD 14.0-17.0...cedure commonly called a modified "Dutch Auction." - This procedure allows you to select the price within a specified price range at which you are willing to sell your shares. The price range for this offer is $14.00 to $17.00. - Summit will determine the lowest single price per share within the price range that will allow it to purchase 180,000 shares, or if fewer shares are tendered, all shares tendered. - All shares purchased will be purch...

threshold = 100...t which they may tender their shares or choose to accept the price determined in the offer and, upon the terms and subject to conditions of the offer, to sell those shares for cash without the usual transaction costs associated with market sales. In addition, shareholders owning fewer than 100 shares whose shares are purchased pursuant to the offer not only will avoid the payment of brokerage commissions but also will avoid any applicable odd lot discounts payable on a sale of their shares in a transaction executed on a securities exchange. To the extent that the purchase of shares in the offer results in a reduction in the number of...

threshold = 100...t which they may tender their shares or choose to accept the price determined in the offer and, upon the terms and subject to conditions of the offer, to sell those shares for cash without the usual transaction costs associated with market sales. In addition, shareholders owning fewer than 100 shares whose shares are purchased pursuant to the offer not only will avoid the payment of brokerage commissions but also will avoid any applicable odd lot discounts payable on a sale of their shares in a transaction executed on a securities exchange. To the extent that the purchase of shares in the offer results in a reduction in the number of...

txn_type = TENDER_OFFEREX-99.1 3 g74067ex99-1.txt OFFER TO PURCHASE EXHIBIT 1 (SUMMIT BANK CORPORATION LOGO) OFFER TO PURCHASE FOR CASH UP TO 180,000 SHARES OF SUMMIT BANK CORPORATION COMMON STOCK AT A PURCHASE PRICE NOT IN EXCESS OF $17.00 NOR LESS THAN $14.00 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, ATLANTA TIME, ON FRIDAY, MARCH 15, 2002, UNLESS THE OFFER I...

txn_type = TENDER_OFFEREX-99.1 3 g74431ex99-1.txt AMENDED OFFER TO PURCHASE (SUMMIT BANK CORPORATION LOGO) OFFER TO PURCHASE FOR CASH UP TO 180,000 SHARES OF SUMMIT BANK CORPORATION COMMON STOCK AT A PURCHASE PRICE NOT IN EXCESS OF $17.00 NOR LESS THAN $14.00 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, ATLANTA TIME, ON FRIDAY, MARCH 15, 2002, UNLESS THE OFFER IS EXTENDED...