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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(B)
(Amendment No. ___)1/
Summit Bank Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
866013
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(CUSIP Number)
1/The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
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SCHEDULE 13G
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CUSIP NO. 866013
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Paul C.Y. Chu
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY 131,188
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER N/A
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7 SOLE DISPOSITIVE POWER 131,188
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8 SHARED DISPOSITIVE POWER N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
131,188
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.3%
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12 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13G
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ITEM 1(A). NAME OF ISSUER:
Summit Bank Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4360 Chamblee Dunwood Rd.
Suite 300
Atlanta, GA 30341
ITEM 2(A). NAME OF PERSON FILING:
Paul C.Y. Chu
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Novax Group, Inc.
3 E 28th Street 12th Floor
New York, NY 10016-7408
ITEM 2(C). CITIZENSHIP:
United States
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
866013
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS:
N/A
ITEM 4. OWNERSHIP AS OF DECEMBER 31, 1998:
<TABLE>
<S> <C> <C>
(a) Amount beneficially owned: 131,188
(b) Percent of class: 7.3%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: 131,188
(ii) shared power to vote or direct the vote: N/A
(iii) sole power to dispose or to direct the disposition of: 131,188
(iv) shared power to dispose or direct the disposition of: N/A
</TABLE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
N/A
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SCHEDULE 13G
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF THE MEMBERS OF THE GROUP:
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
N/A
ITEM 10. CERTIFICATION:
N/A
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SCHEDULE 13G
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 12, 1999
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Signature: /s/ Gary McClung, POA for Paul C.Y.Chu
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Name: Gary McClung, POA for Paul C.Y. Chu
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