Summit Bank Announces Steve Ritchie’s Appointment to Advisory Board
Summit Bank is delighted to announce the appointment of Steve Ritchie, CPA, CFE, and Managing Partner at Kernutt Stokes, to its Eugene & Springfield Advisory Board. This strategic decision underscores Summit Bank’s commitment to strengthening its leadership team with experienced professionals who bring a wealth of knowledge in finance, accounting, and business strategy. Ritchie’s extensive expertise in these areas will significantly contribute to the bank’s mission of delivering exceptional service, ensuring fiscal responsibility, and fostering sustainable growth within the community.
With a career spanning more than two decades, Steve Ritchie has built an impressive professional background in accounting, finance, and business leadership. His journey in the financial sector began with the management of his family’s business, where he cultivated a deep appreciation for the intricacies of financial management and operational efficiency. This early exposure ignited his passion for accounting and finance, leading him to pursue a career in the field. In 1996, he joined Kernutt Stokes, a highly regarded Oregon-based public accounting firm known for its dedication to quality service and innovative financial solutions.
At Kernutt Stokes, Ritchie’s dedication and expertise quickly set him apart, propelling him into a leadership role within the firm. His relentless pursuit of excellence and his ability to drive meaningful results earned him the position of Managing Partner in 2017. In this capacity, he has played a pivotal role in shaping the firm’s strategic direction, overseeing key initiatives related to business development, staff mentorship, technology integration, and client service enhancement. Under his leadership, Kernutt Stokes has continued to grow, solidifying its reputation as a premier accounting and advisory firm in the Pacific Northwest.
Ritchie’s qualifications further highlight his deep understanding of finance and regulatory compliance. As a certified public accountant (CPA) in Oregon, he upholds the highest standards of accounting practices and financial reporting. Additionally, he holds the Certified Fraud Examiner (CFE) designation, reflecting his expertise in identifying and preventing financial fraud. His commitment to financial integrity and regulatory compliance is further exemplified by his possession of the Uniform Investment Advisor Series 65 license, which enables him to provide informed investment guidance.
Throughout his distinguished career, Ritchie has received numerous accolades and recognitions for his contributions to the field. Notably, Forbes has named him among America’s Top 200 CPAs, an honor that acknowledges his expertise, leadership, and impact on the financial community. Beyond individual recognition, he has been an active participant in several professional organizations, including the American Institute of Certified Public Accountants (AICPA), the Oregon Society of Certified Public Accountants (OSCPA), and the Association of Certified Fraud Examiners (ACFE). These affiliations underscore his commitment to professional growth, ethical business practices, and continuous learning.
The appointment of Ritchie to Summit Bank’s Eugene & Springfield Advisory Board has been met with enthusiasm by the bank’s leadership team. Craig Wanichek, President & CEO of Summit Bank, expressed his excitement about Ritchie’s addition, stating, “We are pleased to welcome Steve to our Eugene & Springfield Advisory Board. His extensive knowledge of financial management, strategic planning, and leadership, combined with his deep-rooted commitment to the Eugene community, will be instrumental in guiding Summit Bank’s continued growth. We are confident that his expertise will help us strengthen our position as a trusted financial partner for local businesses and individuals.”
Jenny Bennett, Market President for Eugene & Springfield, echoed similar sentiments, emphasizing the value that Ritchie brings to the advisory board. “Steve’s exceptional track record of strategic thinking and commitment to delivering outstanding client service will be a tremendous asset to our advisory board. His insights and expertise will play a crucial role in helping us continue to provide innovative, community-based banking solutions tailored to the needs of local businesses and individuals,” she remarked.
Ritchie’s ties to the Eugene community extend beyond his professional achievements. He is a proud graduate of the University of Oregon, where he earned a Bachelor of Science in Accounting and Finance. His academic background laid a strong foundation for his career in finance and accounting, equipping him with the skills necessary to navigate the complexities of the financial sector. However, his contributions to the community go far beyond his professional endeavors.
An active participant in civic and nonprofit organizations, Ritchie has dedicated his time and expertise to various community initiatives. Over the years, he has served on the boards of multiple local organizations, including Volunteers in Medicine, Eugene Montessori School, and the Center for Community Counseling. His involvement in these organizations reflects his deep commitment to giving back to the community and supporting initiatives that improve the well-being of local residents. Whether through financial stewardship, mentorship, or direct engagement with community projects, Ritchie has consistently demonstrated his passion for making a positive impact.
Summit Bank’s decision to appoint Ritchie to its Eugene & Springfield Advisory Board aligns with its broader vision of fostering strong partnerships with industry leaders who share its commitment to excellence, innovation, and community engagement. The bank has long prided itself on its ability to deliver personalized financial services that cater to the unique needs of local businesses and individuals. By leveraging the expertise of professionals like Ritchie, Summit Bank aims to further enhance its ability to provide sound financial guidance, strategic planning, and tailored banking solutions.
The advisory board plays a crucial role in shaping the bank’s policies and strategies, ensuring that its services remain relevant and responsive to the evolving needs of the community. Ritchie’s appointment is expected to bring valuable perspectives to the board, helping Summit Bank navigate the complexities of the financial landscape while staying true to its core values of integrity, client service, and innovation. His experience in accounting, fraud prevention, and investment advisory will be particularly beneficial in strengthening the bank’s financial oversight and risk management practices.
As Summit Bank looks to the future, the addition of Steve Ritchie to the advisory board marks an important milestone in its ongoing efforts to build a team of distinguished professionals dedicated to excellence. His leadership, financial acumen, and community-driven approach align seamlessly with the bank’s mission of fostering economic growth and supporting local businesses through sound financial solutions.
Summit Bank remains committed to building lasting relationships with its clients and stakeholders by continuously seeking ways to enhance its services and expand its expertise. The inclusion of industry leaders like Steve Ritchie reinforces this commitment, ensuring that the bank remains a trusted partner in the financial success of the Eugene & Springfield community.
With this appointment, Summit Bank reaffirms its dedication to providing best-in-class financial services backed by a team of seasoned professionals who understand the unique needs of their clients. As Ritchie takes on this new role, his insights and expertise will undoubtedly contribute to the continued success and growth of Summit Bank, solidifying its reputation as a premier financial institution in the region.
