8-K

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): March 30, 2015

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)	(IRS Employer
of incorporation)		Identification No.)

300 North Main Street, Moorefield, West Virginia 26836

(Address of principal executive offices) (Zip Code)

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

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 (see General Instruction A.2. below):

[ ]	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))

ITEM 8.01. Other Events.

On March 30, 2015, Summit Financial Group, Inc. (the “Company”) repurchased 100,000 shares of its common stock from First Bank of Charleston, Inc. in a privately negotiated transaction for an aggregate purchase price of $1,080,000, which amounts to a price per share of $10.80.

Additionally, on March 30, 2015, the Company issued a press release publicly announcing that the record date for its previously announced rights offering of common stock will be April 10, 2015. A copy of that press release is attached hereto as Exhibit 99.1 and furnished herewith.

ITEM 9.01.Financial Statements and Exhibits

(d)Exhibits. The following exhibits are filed or furnished herewith as part of this Current Report on Form 8-K:

Exhibit Number	Description of Exhibit
99.1	Press Release issued March 30, 2015 announcing the record date for the Company’s previously announced rights offering.

SIGNATURES

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:    March 31, 2015	By: /s/ Julie R. Cook
	Julie R. Cook
	Vice President and Chief Accounting Officer

EX-99.1

EXHIBIT 99.1

FOR RELEASE 5:00 PM ET, March 30, 2015

Contact:Robert S. Tissue, Sr. Vice President & Chief Financial Officer

Telephone:(304) 530-0552

Email:rtissue@summitfgi.com

SUMMIT FINANCIAL GROUP, INC. ANNOUNCES RECORD DATE FOR RIGHTS OFFERING

MOOREFIELD, WV - March 30, 2015 (GLOBE NEWSWIRE) - Summit Financial Group, Inc. ("Company" or "Summit") (NASDAQ: SMMF) today announced that its Board of Directors set the record date for the previously disclosed upcoming rights offering (the “Rights Offering”) of Company common stock (“Common Stock”) as of the close of business April 10, 2015 (“Record Date”).

As previously announced, in the Rights Offering, all holders of Common Stock as of the Record Date, with the exception of Castle Creek Capital Partners V, LP (“Castle Creek”), will be offered non-transferable rights (“Rights”) to purchase shares of Common Stock at the same per share purchase price of $9.75 used in the recent private placement to Castle Creek. The aggregate number of shares that will be offered for sale in connection with the Rights Offering is 256,410 and, if all shares offered are purchased, the Company expects to yield total gross proceeds of $2.5 million, prior to any fees and expenses associated with the sale. The Rights will be distributed to all of the holders of the Common Stock, excluding Castle Creek, on a pro rata basis, based on the number of shares of Common Stock owned by each shareholder as of the Record Date.

The Company expects the Rights Offering will commence in mid-April 2015 and conclude by the end of May 2015.

About the Company

Summit Financial Group, Inc. is a $1.44 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Northern and Shenandoah Valley regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates fifteen banking locations. Summit also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia.