Summit Financial Group Stock Repurchase
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 8, 2006

Summit Financial Group, Inc.
(Exact name of registrant as specified in its charter)

West Virginia
  
0-16587
  
55-0672148
(State or Other Jurisdiction)
  
(Commission File Number)
  
(I.R.S. Employer Identification)
 
        
 
300 North Main Street
Moorefield, WV 26836
(Address of principal executive offices) (Zip Code)


(304) 530-1000
Registrant's telephone number, including area code


Not Applicable
(Former name or former address, if changed since last report.)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Section 8 - Other Events

Item 8.01 Other Events

On August 9, 2006, Summit Financial Group, Inc. (“Summit”) issued a News Release announcing that its board of directors yesterday authorized the open market repurchase of up to 225,000 shares (approximately 3%) of the issued and outstanding shares of Summit’s common stock.

 

Section 9 - Financial Statements and Exhibits
 
Item 9.01 Financial Statements and Exhibits

(c)  
Exhibits

99 News Release issued on August 9, 2006





SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


                    SUMMIT FINANCIAL GROUP, INC.


Date: August 9, 2006                               By: /s/ Julie R. Cook  
                       Julie R. Cook
                                                                       Vice President and
                                                                       Chief Accounting Officer