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): July 21, 2000



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



   West Virginia                     0-16587                 55-0672148
   -------------                   -----------              ------------
   (State or Other                 (Commission             (I.R.S. Employer
     Jurisdiction)                  File Number)            Identification)





                  310 North Main Street, Moorefield, WV, 26836
               --------------------------------------------------
               (Address of principal executive offices) (Zip Code)





                                 (304) 538-1000
                                 --------------
              (Registrant's telephone number, including area code)





                                 Not Applicable
                                ---------------
     (Former name, address, and fiscal year, if changed since last report)







Item  5.  Other Events

On  August 1,  2000,  the  Registrant  issued a News  Release  that the Board of
Directors of Summit  Financial  Group,  Inc. had authorized at its July 21, 2000
meeting  the  repurchase  of up to 20,000  shares of the  Company's  issued  and
outstanding  common  stock.  The shares  will be  acquired in the open market in
accordance   with   applicable   regulations  of  the  Securities  and  Exchange
Commission.  The  timing  and  quantity  of any  such  purchases  will be at the
discretion  of the  Company.  All  repurchased  shares  will be held as treasury
shares for reissuance in conjunction with Summit's  employee stock ownership and
stock option plans and for general corporate purposes.


Item 7.  Financial Statements and Exhibits

(c)  Exhibits.

99.1 News Release, dated August 1, 2000 incorporated herein by reference.


                                    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 thereunto duly authorized.


                                              SUMMIT FINANCIAL GROUP, INC.

Date: August 1, 2000                            By: /s/ Robert S. Tissue
                                                    --------------------
                                                    Robert S. Tissue
                                                    Vice President and
                                                      Chief Financial Officer