As  filed  with  the  Securities  and  Exchange  Commission on November 21, 2002

Registration  No.  333-_______________


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON,  DC  20549

                                  FORM  S-8
                            Registration  Statement
                       Under  The  Securities  Act  of  1933

                          SUMMIT  FINANCIAL  CORPORATION
                          ------------------------------
             (Exact  Name  of  Issuer  as  specified  in  its  Charter)

  South  Carolina                                                     57-0892056
(State  or  other jurisdiction of                                        (I.R.S.
 incorporation  or  organization)                                       Employer
                                                            Identification  No.)

937  N.  Pleasantburg  Drive
Greenville,  South  Carolina                                               29607
----------------------------                                        ------------
(Address  of  principal  executive  offices)                           Zip  Code



        SUMMIT  FINANCIAL  CORPORATION  1999  INCENTIVE  STOCK  OPTION  PLAN
         --------------------------------------------------------------------
                           (Full  Title  of  the  Plan)

                         J.  Randolph  Potter,  President
                          Summit  Financial  Corporation
                            937  N.  Pleasantburg  Drive
                        Greenville,  South  Carolina  29607
          (Name and address, including ZIP code, of agent for service)

                                (803)  242-2265
          (Telephone number, including area code, of agent for service)

  Copy  to:
  C.  Vincent  Brown
  Brown,  Massey,  Evans  &  McLeod
  Post  Office  Box  2464
  Greenville,  South  Carolina  29602



<PAGE>



                            CALCULATION  OF  REGISTRATION  FEE

<TABLE>
<CAPTION>



Title of securities to be             Amount to be         Proposed          Proposed        Amount of
 registered                           registered in         maximum           maximum      registration
                                        shares (1)      offering price       aggregate          fee
                                                           per unit        offering price
<S>                                   <C>             <C>               <C>              <C>
Common Stock, $1.00 par value. . . .     156,945 (2)  $       8.90 (3)  $     1,396,811  $      128.51

Common Stock, $1.00 par value. . . .      80,092 (4)  $      14.76 (5)  $     1,182,158  $      108.76

TOTAL. . . . . . . . . . . . . . . .     237,037 (6)                                     $      237.27

<FN>

(1)     Plus  such  additional number of shares as may be available for purchase
pursuant  to  the  Plan  in  the  event  of  a  stock  dividend,  stock  split,
recapitalization  or  other  similar  change  in  the  Common  Stock.

(2)     Represents  6,946  shares reserved for issuance under previously awarded
option  grants  at  $11.56  per  share, 5,513 shares reserved for issuance under
previously  awarded  option  grants at $10.10 per share, 115,763 shares reserved
for  issuance  under previously awarded option grants at $8.62 per share, 19,516
shares reserved for issuance under previously awarded option grants at $9.52 per
share,  and  9,207  shares reserved for issuance under previously awarded option
grants  at $8.39 per share under the Summit Financial Corporation 1999 Incentive
Stock  Option  Plan.

(3)     Represents  the  average  per share exercise price of options previously
awarded under the Summit Financial Corporation 1999 Incentive Stock Option Plan.

(4)     Represents  shares reserved for issuance pursuant to future grants under
the  Summit  Financial  Corporation  1999  Incentive  Stock  Option  Plan.

(5)     Estimated  solely  for  purposes  of determining the registration fee in
accordance  with Rule 457(h) promulgated under the Securities Act of 1933 on the
basis  of  the average of the high and low selling prices of the Common Stock on
the  NASDAQ  Exchange  as  reported  on  November  20,  2002

(6)     Represents  the  original  shares  reserved  for grants under the Summit
Financial  Corporation  1999  Incentive  Stock  Option  Plan  (215,000  shares),
adjusted  for  stock  dividends  paid  subsequent  to the Plan's effective date.


</TABLE>

<PAGE>

PART  I:  INFORMATION  REQUIRED  IN  THE  SECTION  10(A)  PROSPECTUS
---------------------------------------------------------------------

     Information required by Part I of Form S-8 is not required to be filed with
the  Securities  and  Exchange  Commission and is omitted from this registration
statement.


PART  II:  INFORMATION  REQUIRED  IN  THE  REGISTRATION  STATEMENT
------------------------------------------------------------------

ITEM  3.  INCORPORATION  OF  CERTAIN  DOCUMENTS  BY  REFERENCE

The  following  documents,  or  portions  thereof,  which we have filed with the
Securities  and  Exchange  Commission  (SEC),  are  not presented herein and are
incorporated  by  reference  into  this  registration  statement:

(a)  Summit Financial Corporation's (the Company) Annual Report on Form 10-K for
the  year  ended  December  31,  2001,  filed with the SEC (File No. 000-19235);

(b)  All  reports  filed with the SEC pursuant to Sections 13(a) or 15(d) of the
Securities  Exchange  Act  of 1934 since the end of the Company's 2001 year end,
including  the  Company's  Quarterly  Report on Form 10-Q for the quarters ended
March  31,  2002,  June  30,  2002,  and  September  30,  2002;  and

(c)  The  description  of  the Company's Common Stock under the section entitled
"Capital  Stock"  contained  in the Company's registration statement on Form 8-A
(File  No.  000-19235),  filed  on  April  23,  1991.

In  addition,  all  documents that we subsequently file with the SEC pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 prior
to  the  filing  with the SEC of a post-effective amendment to this registration
statement  that  (1)  indicates that all securities offered on this registration
statement  have  been  sold  or (2) effects the deregistration of the balance of
such  shares  then  remaining  unsold shall be deemed to be incorporated in this
registration  statement  by  reference  and  to  be  a part of this registration
statement  from  the  date  of  filing  of  such  documents.


ITEM  4.          DESCRIPTION  OF  SECURITIES

     Not  applicable.


ITEM  5.          INTERESTS  OF  NAMED  EXPERTS  AND  COUNSEL

     The law firm of Brown, Massey, Evans & McLeod, P.A., located in Greenville,
South  Carolina,  is  general counsel to the Company and have issued their legal
opinion  with regard to this registration statement and the common stock covered
hereby.  At  September 30, 2002, C. Vincent Brown, a principal of Brown, Massey,
Evans  &  McLeod,  P.A.,  and  the  Chairman  of  the  Board of Summit Financial
Corporation,  owned  beneficially  165,222 shares of the Company's common stock.


ITEM  6.          INDEMNIFICATION  OF  DIRECTORS  AND  OFFICERS

     The  South  Carolina  Business  Corporation  Act  of  1988 permits, and the
Company's  Bylaws  require,  indemnification  of  the  Company's  directors  and
officers.  Under  Sections 33-8-510, 33-8-550 and 33-8-560 of the South Carolina
Business  Corporation  Act  of  1988, a South Carolina corporation is authorized
generally  to  indemnify its directors and officers in civil or criminal actions
if  they  acted in good faith and reasonably believed their conduct to be in the
best  interests  of the corporation and, in the case of criminal actions, had no
reasonable cause to believe that the conduct was unlawful.  The Company's Bylaws
provide  for  and  the  Company does carry insurance on the behalf of directors,
officers,  employees  or  agents of the Company that may cover liabilities under
the  Securities Act of 1933 asserted against or incurred by him in that capacity
or  arising  from  his status as such, whether or not the Company would have the
power  to  indemnify  him against the same liability under Sections 33-8-510 and
33-8-520  of  the  South  Carolina  Business  Corporation  Act  of  1988.

     As permitted by Section 33-2-102 of the South Carolina Business Corporation
Act of 1988, the Company's Articles of Incorporation provide that no director of
the  Company  shall  be  liable  to the Company or its shareholders for monetary
damages  for  breach  of  his  fiduciary  duty as a director, except for (i) any
breach  of  the  director's  duty of loyalty to the Company or its shareholders,
(ii)  acts  or  omissions  not  in good faith or which involve gross negligence,
intentional  misconduct  or  a  knowing violation of law, (iii) certain unlawful
distributions,  or  (iv)  any  transaction  from  which  the director derived an
improper  personal  benefit.


ITEM  7.          EXEMPTION  FROM  REGISTRATION  CLAIMED.

     Not  applicable.


ITEM  8.          EXHIBITS

     Exhibits required to be filed with this Registration Statement are detailed
following.  Certain  of  such exhibits which have heretofore been filed with the
Securities  and  Exchange  Commission  and  which are designated by reference to
their  exhibit  numbers  in  prior  filings  are  hereby  incorporated herein by
reference  and  made  a  part  hereof.

Exhibit
-------

3.1     Articles  of  Incorporation,  as  amended  (incorporated by reference to
Exhibit  3.1 filed with Summit Financial Corporation's Registration Statement on
Form  S-1  under  the Securities Act of 1933, filed on October 6, 1989, File No.
33-31466)

3.2     Amended  and  Restated  Bylaws (incorporated by reference to Exhibit 3.2
filed  with the Summit Financial Corporation's Quarterly Report on Form 10-Q for
the  quarter  ended  June  30,  2002,  File  No.  000-19235)

4.1     Form  of  Summit  Financial  Corporation  Certificate  for  Common Stock
(incorporated  by  reference  to  Exhibit  4  filed  with  Summit  Financial
Corporation's  Registration  Statement  on Amendment No. 1 To Form S-1, filed on
December  7,  1989,  File  No.  33-31466)

4.2     Summit  Financial  Corporation  1999  Incentive Stock Option Plan (Filed
herewith)

5     Opinion  of  Brown,  Massey,  Evans  &  McLeod,  P.A.  (Filed  herewith)

23.1     Consent  of  Brown, Massey, Evans & McLeod, P.A.  (Contained in Exhibit
5)

23.2     Consent  of  KPMG  LLP  (Filed  herewith)

24     Power  of  Attorney  (Filed  herewith  on  signature  page)


ITEM  9.          UNDERTAKINGS

(a)     The  undersigned  Registrant  hereby  undertakes:

(1)     To  file,  during  any period in which offers or sales are being made, a
post-effective  amendment  to  this  registration  statement:

(i)  To  include  any  prospectus required by section 10(a)(3) of the Securities
Act  of  1933;

(ii)  To  reflect  in  the  prospectus  any  facts  or  events arising after the
effective  date of the registration statement (or the most recent post-effective
amendment  thereof)  which,  individually  or  in  the  aggregate,  represent  a
fundamental  change  in the information set forth in the registration statement.
Notwithstanding  the foregoing, any increase or decrease in volume of securities
offered  (if  the total dollar value of securities offered would not exceed that
which  was  registered)  and  any  deviation  from  the  low  or high end of the
estimated  maximum  offering  range  may  be reflected in the form of prospectus
filed  with  the  Commission  pursuant  to Rule 424(b) if, in the aggregate, the
changes  in  volume and price represent no more than a 20% change in the maximum
aggregate  offering  price  set  forth  in the "Calculation of Registration Fee"
table  in  the  effective  registration  statement;

(iii)  To  include  any  material  information  with  respect  to  the  plan  of
distribution  not  previously  disclosed  in  the  registration statement or any
material  change  to  such  information  in  the  registration  statement;

Provided,  however,  that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply
------------------
if  the  registration  statement  is  on Form S-3, Form S-8, or Form F-3 and the
information  required  to  be  included  in  a post-effective amendment by those
paragraphs  is  contained  in  periodic  reports  filed with or furnished to the
Commission  by  the  Registrant  pursuant  to Section 13 or Section 15(d) of the
Securities  Exchange  Act  of  1934  that  are  incorporated by reference in the
registration  statement.

(2)  That, for the purpose of determining any liability under the Securities Act
of  1933,  each  such  post-effective  amendment  shall  be  deemed  to be a new
registration  statement  relating  to  the  securities  offered therein, and the
offering  of such securities at that time shall be deemed to be the initial bona
fide  offering  thereof.

(3)  To  remove  from registration by means of a post-effective amendment any of
the  securities  being  registered which remain unsold at the termination of the
offering.

(b)  The  undersigned  Registrant  hereby  undertakes  that,  for  purposes  of
determining  any  liability under the Securities Act of 1933, each filing of the
Registrant's  annual  report  pursuant  to section 13(a) or section 15(d) of the
Securities  Exchange  Act  of  1934  (and,  where  applicable, each filing of an
employee  benefit  plan's  annual  report  pursuant  to  section  15(d)  of  the
Securities  Exchange  Act  of  1934)  that  is  incorporated by reference in the
registration  statement  shall  be  deemed  to  be  a new registration statement
relating  to the securities offered therein, and the offering of such securities
at  that  time  shall  be  deemed  to be the initial bona fide offering thereof.

(c)  Insofar as indemnification for liabilities arising under the Securities Act
of  1933  may be permitted to directors, officers and controlling persons of the
Registrant  pursuant  to  the foregoing provisions, or otherwise, the Registrant
has  been  advised that in the opinion of the Securities and Exchange Commission
such  indemnification  is  against public policy as expressed in the Act and is,
therefore, unenforceable.  In the event that a claim for indemnification against
such  liabilities (other than the payment by the Registrant of expenses incurred
or  paid  by  a director, officer or controlling person of the Registrant in the
successful  defense  of  any  action,  suit  or  proceeding) is asserted by such
director,  officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has  been  settled  by  controlling  precedent, submit to a court of appropriate
jurisdiction  the  question whether such indemnification by it is against public
policy  as  expressed  in the Securities Act of 1933 and will be governed by the
final  adjudication  of  such  issue.



<PAGE>

                                SIGNATURES


     The  Registrant.  Pursuant  to  the  requirements  of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it
meets  all  of  the requirements for filing on Form S-8 and has duly caused this
registration  statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Greenville, State of South Carolina, on November
18,  2002.


(Registrant)           Summit  Financial  Corporation

By:                    /s/  J.  Randolph  Potter
                       -------------------------
(Name  &  Title)       J.  Randolph  Potter,  President







                            POWER  OF  ATTORNEY

     KNOW  ALL  PERSONS  BY  THESE  PRESENTS,  that  each person whose signature
appears  below  constitutes  and  appoints  J.  Randolph  Potter  and  Blaise B.
Bettendorf,  and  each of them, as true and lawful attorneys-in-fact and agents,
with  full power of substitution and resubstitution for him or her and in his or
her  name,  place  and  stead,  in  any  and all capacities, to sign any and all
amendments (including post-effective amendments) to this registration statement,
and to file the same, with all exhibits granting unto said attorneys-in-fact and
agents,  and  each  of them, full power and authority to do and perform each and
every  act  and  thing requisite and confirming all which said attorneys-in-fact
and agents or any of them, or their or his or her substitute or substitutes, may
lawfully  do,  or  cause  to  be  done  by  virtue  hereof.


     Pursuant  to  the  requirements  of  the  Securities  Act  of  1933,  this
registration  statement  has  been  signed  by  the  following  persons  in  the
capacities  and  on  the  dates  indicated  on  the  following  page.


<PAGE>


<TABLE>
<CAPTION>



Signature                              Title                    Date
-------------------------  -----------------------------  -----------------

<S>                        <C>                            <C>
/s/ J. Randolph Potter. .  President, Chief Executive     November 18, 2002
-------------------------  Officer and Director
J. Randolph Potter. . . .


/s/ Blaise B. Bettendorf.  Senior V. P., Chief Financial  November 18, 2002
-------------------------  Officer (principal financial/
Blaise B. Bettendorf. . .  accounting officer)


/s/ C. Vincent Brown. . .  Chairman of the Board,         November 18, 2002
-------------------------  Director
C. Vincent Brown. . . . .


/s/ John A. Kuhne . . . .  Vice Chairman, Director        November 18, 2002
-------------------------
John A. Kuhne


/s/ David C. Poole. . . .  Secretary, Director            November 18, 2002
-------------------------
David C. Poole


/s/ Ivan E. Block . . . .  Director                       November 18, 2002
-------------------------
Ivan E. Block


/s/ J. Earle Furman, Jr..  Director                       November 18, 2002
-------------------------
J. Earle Furman, Jr.


/s/ John W. Houser. . . .  Director                       November 18, 2002
-------------------------
John W. Houser

/s/ T. Wayne McDonald . .  Director                       November 18, 2002
-------------------------
T. Wayne McDonald


/s/ Allen H. McIntyre . .  Director                       November 18, 2002
-------------------------
Allen H. McIntyre


/s/ Larry A. McKinney . .  Director                       November 18, 2002
-------------------------
Larry A. McKinney

</TABLE>
[{"type": "S-8", "sequence": "1", "filename": "registration.txt", "description": "1999 ISO PLAN REGISTRATION STATEMENT", "secsgml_size_bytes": 18756}]
{"company-data": {"conformed-name": "SUMMIT FINANCIAL CORP", "cik": "0000856223", "assigned-sic": "6021", "irs-number": "570892056", "state-of-incorporation": "SC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-101367", "film-number": "02836143"}, "business-address": {"street1": "937 N PLEASANTBURG DR", "street2": "PO BOX 1087", "city": "GREENVILLE", "state": "SC", "zip": "29602", "phone": "8642405890"}, "mail-address": {"street1": "PO BOX 1087", "city": "GREENVILLE", "state": "SC", "zip": "29602"}}
As  filed  with  the  Securities  and  Exchange  Commission on November 21, 2002

Registration  No.  333-_______________

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON,  DC  20549

                                  FORM  S-8
                            Registration  Statement
                       Under  The  Securities  Act  of  1933

                          SUMMIT  FINANCIAL  CORPORATION
                          ------------------------------
             (Exact  Name  of  Issuer  as  specified  in  its  Charter)

  South  Carolina                                                     57-0892056
(State  or  other jurisdiction of                                        (I.R.S.
 incorporation  or  organization)                                       Employer
                                                            Identification  No.)

937  N.  Pleasantburg  Drive
Greenville,  South  Carolina                                               29607
----------------------------                                        ------------
(Address  of  principal  executive  offices)                           Zip  Code

        SUMMIT  FINANCIAL  CORPORATION  1999  INCENTIVE  STOCK  OPTION  PLAN
         --------------------------------------------------------------------
                           (Full  Title  of  the  Plan)

                         J.  Randolph  Potter,  President
                          Summit  Financial  Corporation
                            937  N.  Pleasantburg  Drive
                        Greenville,  South  Carolina  29607
          (Name and address, including ZIP code, of agent for service)

                                (803)  242-2265
          (Telephone number, including area code, of agent for service)

  Copy  to:
  C.  Vincent  Brown
  Brown,  Massey,  Evans  &  McLeod
  Post  Office  Box  2464
  Greenville,  South  Carolina  29602
CALCULATION  OF  REGISTRATION  FEE
Title of securities to be             Amount to be         Proposed          Proposed        Amount of
 registered                           registered in         maximum           maximum      registration
                                        shares (1)      offering price       aggregate          fee
                                                           per unit        offering price
Common Stock, $1.00 par value. . . .     156,945 (2)  $       8.90 (3)  $     1,396,811  $      128.51

Common Stock, $1.00 par value. . . .      80,092 (4)  $      14.76 (5)  $     1,182,158  $      108.76

TOTAL. . . . . . . . . . . . . . . .     237,037 (6)                                     $      237.27
(1)     Plus  such  additional number of shares as may be available for purchase
pursuant  to  the  Plan  in  the  event  of  a  stock  dividend,  stock  split,
recapitalization  or  other  similar  change  in  the  Common  Stock.

(2)     Represents  6,946  shares reserved for issuance under previously awarded
option  grants  at  $11.56  per  share, 5,513 shares reserved for issuance under
previously  awarded  option  grants at $10.10 per share, 115,763 shares reserved
for  issuance  under previously awarded option grants at $8.62 per share, 19,516
shares reserved for issuance under previously awarded option grants at $9.52 per
share,  and  9,207  shares reserved for issuance under previously awarded option
grants  at $8.39 per share under the Summit Financial Corporation 1999 Incentive
Stock  Option  Plan.

(3)     Represents  the  average  per share exercise price of options previously
awarded under the Summit Financial Corporation 1999 Incentive Stock Option Plan.

(4)     Represents  shares reserved for issuance pursuant to future grants under
the  Summit  Financial  Corporation  1999  Incentive  Stock  Option  Plan.

(5)     Estimated  solely  for  purposes  of determining the registration fee in
accordance  with Rule 457(h) promulgated under the Securities Act of 1933 on the
basis  of  the average of the high and low selling prices of the Common Stock on
the  NASDAQ  Exchange  as  reported  on  November  20,  2002

(6)     Represents  the  original  shares  reserved  for grants under the Summit
Financial  Corporation  1999  Incentive  Stock  Option  Plan  (215,000  shares),
adjusted  for  stock  dividends  paid  subsequent  to the Plan's effective date.
PART  I:  INFORMATION  REQUIRED  IN  THE  SECTION  10(A)  PROSPECTUS
---------------------------------------------------------------------

     Information required by Part I of Form S-8 is not required to be filed with
the  Securities  and  Exchange  Commission and is omitted from this registration
statement.

PART  II:  INFORMATION  REQUIRED  IN  THE  REGISTRATION  STATEMENT
------------------------------------------------------------------

ITEM  3.  INCORPORATION  OF  CERTAIN  DOCUMENTS  BY  REFERENCE

The  following  documents,  or  portions  thereof,  which we have filed with the
Securities  and  Exchange  Commission  (SEC),  are  not presented herein and are
incorporated  by  reference  into  this  registration  statement:

(a)  Summit Financial Corporation's (the Company) Annual Report on Form 10-K for
the  year  ended  December  31,  2001,  filed with the SEC (File No. 000-19235);

(b)  All  reports  filed with the SEC pursuant to Sections 13(a) or 15(d) of the
Securities  Exchange  Act  of 1934 since the end of the Company's 2001 year end,
including  the  Company's  Quarterly  Report on Form 10-Q for the quarters ended
March  31,  2002,  June  30,  2002,  and  September  30,  2002;  and

(c)  The  description  of  the Company's Common Stock under the section entitled
"Capital  Stock"  contained  in the Company's registration statement on Form 8-A
(File  No.  000-19235),  filed  on  April  23,  1991.

In  addition,  all  documents that we subsequently file with the SEC pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 prior
to  the  filing  with the SEC of a post-effective amendment to this registration
statement  that  (1)  indicates that all securities offered on this registration
statement  have  been  sold  or (2) effects the deregistration of the balance of
such  shares  then  remaining  unsold shall be deemed to be incorporated in this
registration  statement  by  reference  and  to  be  a part of this registration
statement  from  the  date  of  filing  of  such  documents.

ITEM  4.          DESCRIPTION  OF  SECURITIES

     Not  applicable.

ITEM  5.          INTERESTS  OF  NAMED  EXPERTS  AND  COUNSEL

     The law firm of Brown, Massey, Evans & McLeod, P.A., located in Greenville,
South  Carolina,  is  general counsel to the Company and have issued their legal
opinion  with regard to this registration statement and the common stock covered
hereby.  At  September 30, 2002, C. Vincent Brown, a principal of Brown, Massey,
Evans  &  McLeod,  P.A.,  and  the  Chairman  of  the  Board of Summit Financial
Corporation,  owned  beneficially  165,222 shares of the Company's common stock.

ITEM  6.          INDEMNIFICATION  OF  DIRECTORS  AND  OFFICERS

     The  South  Carolina  Business  Corporation  Act  of  1988 permits, and the
Company's  Bylaws  require,  indemnification  of  the  Company's  directors  and
officers.  Under  Sections 33-8-510, 33-8-550 and 33-8-560 of the South Carolina
Business  Corporation  Act  of  1988, a South Carolina corporation is authorized
generally  to  indemnify its directors and officers in civil or criminal actions
if  they  acted in good faith and reasonably believed their conduct to be in the
best  interests  of the corporation and, in the case of criminal actions, had no
reasonable cause to believe that the conduct was unlawful.  The Company's Bylaws
provide  for  and  the  Company does carry insurance on the behalf of directors,
officers,  employees  or  agents of the Company that may cover liabilities under
the  Securities Act of 1933 asserted against or incurred by him in that capacity
or  arising  from  his status as such, whether or not the Company would have the
power  to  indemnify  him against the same liability under Sections 33-8-510 and
33-8-520  of  the  South  Carolina  Business  Corporation  Act  of  1988.

     As permitted by Section 33-2-102 of the South Carolina Business Corporation
Act of 1988, the Company's Articles of Incorporation provide that no director of
the  Company  shall  be  liable  to the Company or its shareholders for monetary
damages  for  breach  of  his  fiduciary  duty as a director, except for (i) any
breach  of  the  director's  duty of loyalty to the Company or its shareholders,
(ii)  acts  or  omissions  not  in good faith or which involve gross negligence,
intentional  misconduct  or  a  knowing violation of law, (iii) certain unlawful
distributions,  or  (iv)  any  transaction  from  which  the director derived an
improper  personal  benefit.

ITEM  7.          EXEMPTION  FROM  REGISTRATION  CLAIMED.

     Not  applicable.

ITEM  8.          EXHIBITS

     Exhibits required to be filed with this Registration Statement are detailed
following.  Certain  of  such exhibits which have heretofore been filed with the
Securities  and  Exchange  Commission  and  which are designated by reference to
their  exhibit  numbers  in  prior  filings  are  hereby  incorporated herein by
reference  and  made  a  part  hereof.

Exhibit
-------

3.1     Articles  of  Incorporation,  as  amended  (incorporated by reference to
Exhibit  3.1 filed with Summit Financial Corporation's Registration Statement on
Form  S-1  under  the Securities Act of 1933, filed on October 6, 1989, File No.
33-31466)

3.2     Amended  and  Restated  Bylaws (incorporated by reference to Exhibit 3.2
filed  with the Summit Financial Corporation's Quarterly Report on Form 10-Q for
the  quarter  ended  June  30,  2002,  File  No.  000-19235)

4.1     Form  of  Summit  Financial  Corporation  Certificate  for  Common Stock
(incorporated  by  reference  to  Exhibit  4  filed  with  Summit  Financial
Corporation's  Registration  Statement  on Amendment No. 1 To Form S-1, filed on
December  7,  1989,  File  No.  33-31466)

4.2     Summit  Financial  Corporation  1999  Incentive Stock Option Plan (Filed
herewith)

5     Opinion  of  Brown,  Massey,  Evans  &  McLeod,  P.A.  (Filed  herewith)

23.1     Consent  of  Brown, Massey, Evans & McLeod, P.A.  (Contained in Exhibit
5)

23.2     Consent  of  KPMG  LLP  (Filed  herewith)

24     Power  of  Attorney  (Filed  herewith  on  signature  page)

ITEM  9.          UNDERTAKINGS

(a)     The  undersigned  Registrant  hereby  undertakes:

(1)     To  file,  during  any period in which offers or sales are being made, a
post-effective  amendment  to  this  registration  statement:

(i)  To  include  any  prospectus required by section 10(a)(3) of the Securities
Act  of  1933;

(ii)  To  reflect  in  the  prospectus  any  facts  or  events arising after the
effective  date of the registration statement (or the most recent post-effective
amendment  thereof)  which,  individually  or  in  the  aggregate,  represent  a
fundamental  change  in the information set forth in the registration statement.
Notwithstanding  the foregoing, any increase or decrease in volume of securities
offered  (if  the total dollar value of securities offered would not exceed that
which  was  registered)  and  any  deviation  from  the  low  or high end of the
estimated  maximum  offering  range  may  be reflected in the form of prospectus
filed  with  the  Commission  pursuant  to Rule 424(b) if, in the aggregate, the
changes  in  volume and price represent no more than a 20% change in the maximum
aggregate  offering  price  set  forth  in the "Calculation of Registration Fee"
table  in  the  effective  registration  statement;

(iii)  To  include  any  material  information  with  respect  to  the  plan  of
distribution  not  previously  disclosed  in  the  registration statement or any
material  change  to  such  information  in  the  registration  statement;

Provided,  however,  that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply
------------------
if  the  registration  statement  is  on Form S-3, Form S-8, or Form F-3 and the
information  required  to  be  included  in  a post-effective amendment by those
paragraphs  is  contained  in  periodic  reports  filed with or furnished to the
Commission  by  the  Registrant  pursuant  to Section 13 or Section 15(d) of the
Securities  Exchange  Act  of  1934  that  are  incorporated by reference in the
registration  statement.

(2)  That, for the purpose of determining any liability under the Securities Act
of  1933,  each  such  post-effective  amendment  shall  be  deemed  to be a new
registration  statement  relating  to  the  securities  offered therein, and the
offering  of such securities at that time shall be deemed to be the initial bona
fide  offering  thereof.

(3)  To  remove  from registration by means of a post-effective amendment any of
the  securities  being  registered which remain unsold at the termination of the
offering.

(b)  The  undersigned  Registrant  hereby  undertakes  that,  for  purposes  of
determining  any  liability under the Securities Act of 1933, each filing of the
Registrant's  annual  report  pursuant  to section 13(a) or section 15(d) of the
Securities  Exchange  Act  of  1934  (and,  where  applicable, each filing of an
employee  benefit  plan's  annual  report  pursuant  to  section  15(d)  of  the
Securities  Exchange  Act  of  1934)  that  is  incorporated by reference in the
registration  statement  shall  be  deemed  to  be  a new registration statement
relating  to the securities offered therein, and the offering of such securities
at  that  time  shall  be  deemed  to be the initial bona fide offering thereof.

(c)  Insofar as indemnification for liabilities arising under the Securities Act
of  1933  may be permitted to directors, officers and controlling persons of the
Registrant  pursuant  to  the foregoing provisions, or otherwise, the Registrant
has  been  advised that in the opinion of the Securities and Exchange Commission
such  indemnification  is  against public policy as expressed in the Act and is,
therefore, unenforceable.  In the event that a claim for indemnification against
such  liabilities (other than the payment by the Registrant of expenses incurred
or  paid  by  a director, officer or controlling person of the Registrant in the
successful  defense  of  any  action,  suit  or  proceeding) is asserted by such
director,  officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has  been  settled  by  controlling  precedent, submit to a court of appropriate
jurisdiction  the  question whether such indemnification by it is against public
policy  as  expressed  in the Securities Act of 1933 and will be governed by the
final  adjudication  of  such  issue.
SIGNATURES

     The  Registrant.  Pursuant  to  the  requirements  of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it
meets  all  of  the requirements for filing on Form S-8 and has duly caused this
registration  statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Greenville, State of South Carolina, on November
18,  2002.

(Registrant)           Summit  Financial  Corporation

By:                    /s/  J.  Randolph  Potter
                       -------------------------
(Name  &  Title)       J.  Randolph  Potter,  President

                            POWER  OF  ATTORNEY

     KNOW  ALL  PERSONS  BY  THESE  PRESENTS,  that  each person whose signature
appears  below  constitutes  and  appoints  J.  Randolph  Potter  and  Blaise B.
Bettendorf,  and  each of them, as true and lawful attorneys-in-fact and agents,
with  full power of substitution and resubstitution for him or her and in his or
her  name,  place  and  stead,  in  any  and all capacities, to sign any and all
amendments (including post-effective amendments) to this registration statement,
and to file the same, with all exhibits granting unto said attorneys-in-fact and
agents,  and  each  of them, full power and authority to do and perform each and
every  act  and  thing requisite and confirming all which said attorneys-in-fact
and agents or any of them, or their or his or her substitute or substitutes, may
lawfully  do,  or  cause  to  be  done  by  virtue  hereof.

     Pursuant  to  the  requirements  of  the  Securities  Act  of  1933,  this
registration  statement  has  been  signed  by  the  following  persons  in  the
capacities  and  on  the  dates  indicated  on  the  following  page.
Signature                              Title                    Date
-------------------------  -----------------------------  -----------------
/s/ J. Randolph Potter. .  President, Chief Executive     November 18, 2002
-------------------------  Officer and Director
J. Randolph Potter. . . .

/s/ Blaise B. Bettendorf.  Senior V. P., Chief Financial  November 18, 2002
-------------------------  Officer (principal financial/
Blaise B. Bettendorf. . .  accounting officer)

/s/ C. Vincent Brown. . .  Chairman of the Board,         November 18, 2002
-------------------------  Director
C. Vincent Brown. . . . .

/s/ John A. Kuhne . . . .  Vice Chairman, Director        November 18, 2002
-------------------------
John A. Kuhne

/s/ David C. Poole. . . .  Secretary, Director            November 18, 2002
-------------------------
David C. Poole

/s/ Ivan E. Block . . . .  Director                       November 18, 2002
-------------------------
Ivan E. Block

/s/ J. Earle Furman, Jr..  Director                       November 18, 2002
-------------------------
J. Earle Furman, Jr.

/s/ John W. Houser. . . .  Director                       November 18, 2002
-------------------------
John W. Houser

/s/ T. Wayne McDonald . .  Director                       November 18, 2002
-------------------------
T. Wayne McDonald

/s/ Allen H. McIntyre . .  Director                       November 18, 2002
-------------------------
Allen H. McIntyre

/s/ Larry A. McKinney . .  Director                       November 18, 2002
-------------------------
Larry A. McKinney